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Stocks in the Spotlight: Aetna Inc. (AET), Tyson Foods, Inc. (TSN), FirstEnergy Corp. (FE)

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Aetna Inc. (AET) had a active trading with around 3.82M shares changing hands compared to its three month average trading volume of 3.11M. The stock traded between $127.38 and $129.62 before closing at the price of $129.49 with 0.82% change on the day. The Hartford Connecticut 06156 based company is currently trading 31.12% above its 52 week low of $102.52 and -4.94% below its 52 week high of $136.5. Both the RSI indicator and target price of 69.82 and $139.56 respectively, lead us to believe that it should be put on hold over the coming weeks.

Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit management services, dental, behavioral health, and vision plans on an insured basis, as well as an employer-funded or administrative services contract basis. It also provides point-of-service, preferred provider organization, health maintenance organization, and indemnity benefit plans, as well as health savings accounts and consumer-directed health plans. In addition, this segment offers Medicare and Medicaid products and services, as well as other medical products, such as medical management and data analytics services, medical stop loss insurance, workers’ compensation administrative services, and products that provide access to its provider networks in select geographies. The Group Insurance segment offers life insurance products, including group term life insurance, voluntary spouse and dependent term life insurance, group universal life insurance, and accidental death and dismemberment insurance; disability insurance products; and long-term care insurance products, which provide the benefits to cover the cost of care in private home settings, adult day care, assisted living, or nursing facilities. The Large Case Pensions segment manages retirement products, including pension and annuity products primarily for tax-qualified pension plans. The company offers its products to employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups, and expatriates. Aetna Inc. has a collaboration agreement with Commonwealth Health to introduce a new health plan; and Regional Cancer Care Associates to create an oncology medical home. The company was founded in 1853 and is based in Hartford, Connecticut.

Tyson Foods, Inc. (TSN) failed to extend gains with the stock declining -0.66% or $-0.43 to close the day at $64.9 on light trading volume of 3.81M shares, compared to its three month average trading volume of 3.87M. The Springdale Arkansas 72762 based company has been outperforming the meat products group over the past 52 weeks, with the stock gaining 4.16%, compared to the industry which has dropped -1.32% over the same period. With RSI of 56.77, the stock should still continue to rise and get closer to its one year target estimate of $70.33, making it a hold for now.

Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats. It also supplies poultry breeding stock; sells allied products, such as hide and meats; and manufactures and markets frozen and refrigerated food products, including pepperoni, bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, flour and corn tortilla products, desserts, appetizers, snacks, prepared meals, ethnic foods, soups, sauces, side dishes, meat dishes, breadsticks, and processed meats. Tyson Foods, Inc. offers its products primarily under the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Van’s, Sara Lee, Chef Pierre, Wright, Aidells, State Fair, Gallo Salame, and Golden Island brands. The company sells its products through its sales staff to grocery retailers, grocery wholesalers, meat distributors, warehouse club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international export companies, and domestic distributors, as well as through independent brokers and trading companies. Tyson Foods, Inc. was founded in 1935 and is headquartered in Springdale, Arkansas.

FirstEnergy Corp. (FE) shares were up in last trading by 0.72% to $30.62. It experienced lighter than average volume on day. The stock increased in value by almost 2.48% over the past week and grew 0.76% in the past month. It is currently trading 1.06% above its 50 day moving average and -4.14% below its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -13.46% decrease in value from its one year high of $36.6. The RSI indicator value of 57.38, lead us to believe that it is a hold for now.

FirstEnergy Corp., through its subsidiaries, generates, transmits, and distributes electricity in the United States. The company operates through Regulated Distribution, Regulated Transmission, and Competitive Energy Services segments. It owns and operates coal-fired, nuclear, hydroelectric, oil and natural gas, wind, and solar power generating facilities. The company also provides energy-related products and services to retail and wholesale customers. It operates 24,211 pole miles of overhead and underground transmission lines; and electric distribution systems, including 268,682 miles of overhead pole line and underground conduit carrying primary, secondary, and street lighting circuits; as well as owns substations with a total installed transformer capacity of approximately 154,612,802 kilovolt-amperes. The company serves approximately six million customers within 65,000 square miles in Ohio, Pennsylvania, West Virginia, Maryland, New Jersey, and New York. FirstEnergy Corp. was founded in 1996 and is based in Akron, Ohio.

 

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