Shares of Hormel Foods Corporation (HRL) Sees Large Outflow of Money

Hormel Foods Corporation (HRL) : The value of composite uptick trades was $11.39 million, whereas, the value of composite downtick trades was $22.19 million. The uptick to downtick ratio stood at 0.51 with a negative money flow of ($10.81) Million during Tuesdays trading session. The block trades money flow was negative ($10.24 million).The uptick to the downtick ratio of 0.06 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.64 million. The transaction of the trades on downticks amounted to $10.87 million, which confirms investors selling on the strength of price. Hormel Foods Corporation (HRL) gained 48 cents at $38.4, an increase of 1.27% over the previous days close.


Also, In a research note released to the investors, Edward Jones upgrades its rating on Hormel Foods Corporation (NYSE:HRL).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 24, 2016.

Hormel Foods Corporation has dropped 3.07% in the last five trading days, however, the shares have posted positive gains of 0.88% in the last 4 weeks. Hormel Foods Corporation is up 10.46% in the last 3-month period. Year-to-Date the stock performance stands at -3.11%.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $38.29 on Tuesday but the bulls could not build on the opening and the stock topped out at $38.36 for the day. The stock traded down to $37.76 during the day, due to lack of any buying support eventually closed down at $37.88 with a loss of -1.35% for the day. The stock had closed at $38.40 on the previous day. The total traded volume was 2,117,844 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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