Large Inflow of Money Detected in General Mills

General Mills (GIS) : The money flow analysis of General Mills (GIS) indicates a $28.47 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $41.88 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.47 and so was the total money flow at $13.41 million. The bulls lapped up $13.73 million worth of block trades on upticks. The money flow was $13.73 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of General Mills (GIS), pushing it down by -1.29% for the day. The stock slid $0.94 and traded at $71.7 during the day. Nonetheless, the stock is -0.44% over the previous weeks close.


Also, Equity Analysts at the Morgan Stanley maintains the rating on General Mills (NYSE:GIS). The brokerage firm has issued a Equalweight rating on the shares. The Analysts at the ratings agency raises the price target from $63 per share to $66 per share. The rating by the firm was issued on July 14, 2016.

General Mills (NYSE:GIS): The stock opened at $72.65 on Wednesday but the bulls could not build on the opening and the stock topped out at $72.70 for the day. The stock traded down to $71.64 during the day, due to lack of any buying support eventually closed down at $71.70 with a loss of -1.29% for the day. The stock had closed at $72.64 on the previous day. The total traded volume was 2,840,969 shares.

The stock has recorded a 20-day Moving Average of 2.63% and the 50-Day Moving Average is 8.61%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of General Mills Inc, Rose Michael D had sold 10,000 shares worth of $723,200 in a transaction dated July 5, 2016. In this transaction, 10,000 shares were sold at $72.32 per share.

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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