Shares of General Mills (NYSE:GIS) Sees Large Outflow of Money

General Mills (NYSE:GIS): The stock had negative money flow to the tune of ($24.56 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $73.91 million, whereas, the outflow of money on downticks was $98.48 million and the ratio between the two was 0.75. The block trade had a negative net money flow of ($22.09 million). The total block trade value undertaken on upticks was $1.33 million. On the other hand, downticks amounted to $23.42 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.06. General Mills (NYSE:GIS) closed with marginal gains of 210 cents to end the day at $67.86, an increase of 3.19% over the previous days close. The stock recorded 2.6% for the week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of General Mills Inc, Mulligan Donal L had sold 45,968 shares worth of $2,964,936 in a transaction dated May 12, 2016. In this transaction, 45,968 shares were sold at $64.5 per share. Currently the company Insiders own 1.4% of General Mills shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.32% . Institutional Investors own 71.2% of General Mills shares. During last six month period, the net percent change held by insiders has seen a change of -5.32%.

The company shares have rallied 15.19% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $66.88 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $64.32 and the 200 Day Moving Average price is recorded at $60.58. General Mills (NYSE:GIS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.17 and $65.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.86, notching a gain of 3.19% for the day. The total traded volume was 7,759,723 . The stock had closed at $65.76 on the previous day.

General Mills, Inc. is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company is organized into three operating segments: U.S. Retail, International, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on five categories: ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, fruit and savory snacks, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Companys other product categories include baking mixes and ingredients; refrigerated and frozen dough, and frozen and shelf-stable vegetables. The Company has 50% interests in two joint ventures that manufacture and market food products.

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