Hormel Foods Corporation (HRL) Shares are Up 1.42%

Hormel Foods Corporation (HRL) : Traders are bullish on Hormel Foods Corporation (HRL) as it has outperformed the S&P 500 by a wide margin of 5.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.42% in the last 1 week, and is up 5.63% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 4.46%.The 200 Day SMA reached 0.11%. Hormel Foods Corporation is up 13.53% in the last 3-month period. Year-to-Date the stock performance stands at -1.62%.

Hormel

Hormel Foods Corporation (NYSE:HRL): After opening at $38.24, the stock dipped to an intraday low of $38.2 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $38.56 and the buying power remained strong till the end. The stock closed at $38.46 for the day, a gain of 0.65% for the day session. The total traded volume was 1,694,553. The stocks close on the previous trading day was $38.21.

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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