General Mills (GIS) : The total negative money flow of $2.8 million on Tuesday indicates selling on strength. The inflow of money on upticks was $0.36 million, compared to $3.17 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.11. The negative money flow of $2.71 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $2.71 million. The price action in the General Mills (GIS) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $71.44 with a gain of $0.02 , a change of 0.03% over the previous days close. The stock registered 0.8% for the week.
Also, Brokerage firm Morgan Stanley maintains its rating on General Mills (NYSE:GIS). As per the latest information, the brokerage house raises the price target to $66 per share from a prior target of $63. The shares have been rated Equalweight. The rating by the firm was issued on July 14, 2016.
General Mills, Inc. has lost 0.83% in the last five trading days and dropped 1.56% in the last 4 weeks. General Mills, Inc. is up 12.36% in the last 3-month period. Year-to-Date the stock performance stands at 24.96%.
General Mills (NYSE:GIS): The stock opened at $71.39 on Tuesday but the bulls could not build on the opening and the stock topped out at $71.58 for the day. The stock traded down to $70.35 during the day, due to lack of any buying support eventually closed down at $70.51 with a loss of -1.27% for the day. The stock had closed at $71.42 on the previous day. The total traded volume was 4,403,383 shares.
In a related news,The officer (Executive Vice President) of General Mills Inc, Church John R sold 99,373 shares at $71.09 on August 12, 2016. The Insider selling transaction had a total value worth of $7,064,427. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.