Large Inflow of Money Detected in Hormel Foods Corporation

Hormel Foods Corporation (HRL) : Mondays money flow data in Hormel Foods Corporation (HRL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $22.78 million, whereas, $13 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.75, in favor of the bulls. The total money flow into the stock was $9.78 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $10.17 million. The total value of block trades done on upticks was $11.71 million. The value of bearish trades on downticks was only $1.54 million.The up/down ratio in the block trades was a healthy 7.61 in favor of the bulls, suggesting strong buying in the stock by large traders. Hormel Foods Corporation (HRL) fell $0.35 and traded at $36.71, down -0.94% for the day, over previous days close. On a weekly basis, the shares are 0.82% over the previous weeks close.


Shares of Hormel Foods Corporation rose by 0.63% in the last five trading days and 1.21% for the last 4 weeks. Hormel Foods Corporation has dropped 8.41% during the last 3-month period . Year-to-Date the stock performance stands at -6.1%.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $36.87 on Monday but the bulls could not build on the opening and the stock topped out at $36.90 for the day. The stock traded down to $36.49 during the day, due to lack of any buying support eventually closed down at $36.71 with a loss of -0.94% for the day. The stock had closed at $37.06 on the previous day. The total traded volume was 2,214,953 shares.

In a related news, Pippins Dakota A, Director of HORMEL FOODS CORP /DE/, unloaded 5,000 shares at an average price of $36.74 on July 1, 2016. The total amount of the transaction was worth $183,700, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company has five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold primarily in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International operating segment, which manufactures, markets and sells the Company products internationally.

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