Tyson Foods volatility elevated; shares trend up to a two-month high Tyson Foods September 17 and October 26 calls are active on total call volume of 12K contracts (4K puts). September call option implied volatility is at 44, October is at 38; above its 26-week average of 29 according to Track Data, suggesting larger price movement.
News For TSN From The Last 14 Days
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Tyson Foods upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Tyson based on expectations favorable chicken fundamentals will offset mixed trends in beef and pork. Price target raised to $30 form $26.
Tyson Foods CEO: Smithfield deal could help our pork exports, WSJ reports Tyson Foods (TSN) CEO Donnie Smith said the planned sale of rival Smithfield Foods (SFD) to China's largest pork processor highlights the intensifying globalization of the agriculture industry and could help increase Tyson's pork exports to the Asian nation along with Smithfield's, reports the Wall Street Journal.Reference Link
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