Why Tyson Foods Stock Is Trading Lower Today

Tyson Foods TSN shares are lower. The weakness is potentially related to the recent Department of Justice antitrust probe.

In 2019, Tyson was served with a grand jury subpoena from the DOJ regarding an antitrust investigation into the broiler chicken industry. Tyson then self-reported relevant information to the DOJ.

On Wednesday, Tyson said it was cooperating with the DOJ’s investigation into chicken price-fixing in an effort to gain some leniency.

Tyson Foods is the largest U.S. producer of processed chicken and beef. It's also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, and State Fair, to name a few. 

Tyson Foods stock was trading 7.72% lower at $59.56 at time of publication on Thursday. The stock has a 52-week high of $94.24 and a 52-week low $42.57.