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Tyson Foods Makes New All-Time High

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Tyson Foods, Inc. (NYSE: TSN) shares are trading higher by $4.08 at $47.73 in Monday's session. The Street is focusing on its higher sales in the quarter than its Q3 miss of a nickel.

After a $1 plus higher open, it retreated only $0.22 to $44.98 before resuming its move higher. So far, it has surpassed its former all-time high of $47.71, reaching $48.07 before falling back to its current level. In order to post a new all-time closing high, it will need the end the session above its October 23 close of $47.44.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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