Here's Why Tyson Foods Stock Dropped 14.7% in March
Shares of Tyson Foods (NYSE: TSN) tumbled nearly 15% last month, according to data provided by S&P Global Market Intelligence. That left the stock trading near five-year lows. The S&P 500 didn't fare much better in March, dropping 12.5% on the abrupt uncertainty forced onto investors by the coronavirus pandemic.
The biggest concern for the food producer is the health and safety of frontline workers. According to an update in early April, the coronavirus pandemic has arrived on the doorstep of Tyson Foods. The stock price takes a backseat to human experiences, but the latest information suggests 2020 could be a challenging year for the dividend stock.
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Source Fool.com
