Large Inflow of Money Witnessed in Hormel Foods Corporation

Hormel Foods Corporation (HRL) stock had a bullish inflow of $1.92 million worth of trades on uptick and an outflow of $0.62 million in downticks on Thursday. The total uptick to downtick ratio stood at 3.08. The net money flow into the stock was $1.3 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.22 million. $1.22 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Hormel Foods Corporation (HRL) stock traded down $0.12 , and reached $36.51, a drop of -0.33% over the previous day. On a weekly basis, the stock is 0.63%, over the previous weeks close.

Hormel

Hormel Foods Corporation (HRL) : 6 Wall Street analysts covering Hormel Foods Corporation (HRL) believe that the average level the stock could reach for the short term is $34. The maximum price target given is $39 and the minimum target for short term is around $26, hence the standard deviation is calculated at $4.97. The stock has recorded a 20-day Moving Average of 3.61% and the 50-Day Moving Average is 0.39%.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $36.75 on Thursday but the bulls could not build on the opening and the stock topped out at $36.82 for the day. The stock traded down to $36.37 during the day, due to lack of any buying support eventually closed down at $36.44 with a loss of -0.52% for the day. The stock had closed at $36.63 on the previous day. The total traded volume was 2,377,870 shares.

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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