General Mills (GIS) : The money flow analysis of General Mills (GIS) indicates a $22.95 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $24.4 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.06 and so was the total money flow at $1.45 million. A solid up-down ratio of 3.59 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $7.41 million worth of block trades on upticks. Only $2.06 million worth of the stock exchanged hands on downticks. The money flow was $5.34 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 -0.11% for the day. The stock slid $0.08 and traded at $71.13 during the day. Nonetheless, the stock is -1.24% over the previous weeks close.
General Mills (GIS) : The most positive equity analysts on General Mills (GIS) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $68.8 with an expected fluctuation of $3.65 from the mean.
General Mills (NYSE:GIS): stock turned positive on Friday. Though the stock opened at $71.44, the bulls momentum made the stock top out at $71.64 level for the day. The stock recorded a low of $71.07 and closed the trading day at $71.22, in the green by 0.01%. The total traded volume for the day was 3,079,245. The stock had closed at $71.21 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged that Young Jerald A, officer (Vice President) of General Mills Inc, had unloaded 27,890 shares at an average price of $72.03 in a transaction dated on July 15, 2016. The total value of the transaction was worth $2,008,917.
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.