Tyson Foods (TSN) Q4 Earnings Preview
Posted: Friday, November 20, 2009 1:11 PM EDT
By: Market Intelligence Center Staff
Tyson Foods (NYSE: TSN) opened at $13.02. So far today, the stock has hit a low of $12.79 and a high of $13.18. TSN is now trading at $12.94, down $0.13 (-0.99%). Over the last 52 weeks the stock has ranged from a low of $4.40 to a high of $14.25. TSN is trading lower ahead of the company's fourth-quarter earnings report Monday morning. Analysts are expecting TSN to post a profit 26 cents per share on revenue of $6.89 billion, compared to a profit of 14 cents per share on revenue of $7.2 billion in the year-ago period. Technical indicators for the stock are bullish and S&P gives TSN a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on TSN the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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