Shares of Tyson Foods, Inc. (NYSE:TSN) has price volatility of 2.86% in last 5 days trading session, as shares of firm closed at $67.75 by plummeting of -8.91% in last session. Shares price moving down from its 20 days moving average with -9.12% and isolated negatively from 50 days moving average with -9.19%. Goldberg Law PC reported that it is investigating Tyson Foods, Inc. (TSN) concerning possible infringement of federal securities laws. The examination concerns whether Tyson Foods, Inc. and certain of its officers and/or directors violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On October 7, 2016, Pivotal Research downgraded Tyson Foods, Inc. from “buy” to “sell,” due to fears over a class action against the Firm and some of its peers over price collusion in the broiler-chicken market. Allegedly, in 2008, Tyson Foods, and several other companies conspired by sharing proprietary data and reducing production to support prices.
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Shares of Frank’s International N.V. (NYSE:FI) swings by following news as it jumped up 1.20% to $13.53 in recent trading flood. Frank’s International N.V. (FI) reported that it has entered into a definitive merger contract to takeover Blackhawk Group Holdings, the ultimate parent firm of Blackhawk Specialty Tools LLC, a leading provider of well construction and well intervention services and products. Blackhawk is being purchased from Bain Capital Private Equity, a leading global private investment firm which takeoverd the business together with management in 2013.
Frank’s expects that Blackhawk’s specialty cementation tools will augment its tubular running services business by providing Frank’s the prospects to diversify its offerings and emerge as a leader in a new business line and a importantly larger addressable market. In addition to what Frank’s believes is a line of well-regarded, market leading, technically differentiated specialty cementation tools, Blackhawk also offers well intervention products through its line of brute packers and related products, and is continuing its development of products for onshore and offshore applications. The return on equity was -0.70%. The firm’s Debt to equity ratio was 0.00.
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