Tyson Foods Inc. stock fell 16% Monday after the meat producer swung to a surprise second-quarter loss and lowered its sales guidance, hurt by charges stemming from plant closures and job cuts, as well as weak demand for meat.
The stock TSN was on track for its biggest one-day percentage decline since it fell 23.6% on Nov. 11, 2008. Volume of more than 8 million shares traded by midmorning was almost three times the daily volume over the past 65 days. It was the company’s fourth straight quarterly earnings miss and second…
