Tyson Foods Stock Can Jump 40%
We believe there may be a good opportunity with Tyson Foods stock (NYSE: TSN) at the present time. TSN trades at $59 currently and is in fact down 34% so far this year. It traded at a pre-Covid high of $82 in February and is still 28% below that level now. TSN stock has gained only 4% from the low of $57 seen in March 2020, much less than the S&P 500 which is up 50% from its March bottom. TSN stock has underperformed the broader market as restaurants and retail chains remaining shut over the last couple of months, on account of the lockdown, meant very low demand for TSNâs products. Additionally, the recent spike in Covid-positive cases has limited the stock rise over recent months. That said, with the lockdowns being lifted, supply constraints are likely to ease leading to higher volume sold. Also, the reopening of restaurants
