Robust selling in shares of Tyson Foods
May 15, 2015
by Erica Shaffer
KANSAS CITY, Mo. – Insider selling activity in shares of Springdale, Ark.-based Tyson Foods, Inc., sparked selling among traders of the company’s stock.
Donnie King, president of North America operations and foodservice, sold 70,000 shares in a transaction dated May 19, according to a Securities and Exchange Commission filing. The shares sold at an average price of $42.54.
In a transaction dated May 15, Noel White, president of Tyson’s Poultry segment, sold 50,680 shares at an average price of $42.16.
Shares in the company closed at $43.42 May 20 and opened at $43.51 May 21. Share price was at $43.47 in after hours trading at 4:22 pm.
Tyson Foods ranks among the top stock portfolios of 10 hedge funds, according to SEC filings. Institutional investors own roughly 95 percent of the company’s stock.