Why Tyson Foods Stock Jumped 10.4% in December
Shares of meat processing giant Tyson Foods (NYSE: TSN) jumped 10.4% in December, according to data from S&P Global Market Intelligence. By comparison, the S&P 500 index returned 4.5% last month.
The stock's December gain can probably be largely attributed to the upward momentum it enjoyed throughout 2021 and investors' rotation into stocks they believe are better bets in the current economic environment.
For the bigger-picture context, in 2021, Tyson stock returned 38.5%, compared to the S&P 500's 28.7% return. However, last year's outsize gain was just a partial bounce back from 2020, a year in which meat processing stocks were hit hard by the fallout from the early stages of the pandemic. In that year, shares of Tyson plunged nearly 30%, while the broader market returned more than 18%. For the period from Jan. 1, 2020, through Jan. 4, 2022, Tyson stock returned 3.4%, significantly trailing the broader market's 53.3% return.
Source Fool.com
