Large Inflow of Money Detected in General Mills

General Mills (GIS) : $18.99 million worth of transactions were on upticks in General Mills (GIS), compared to $14.97 million on downticks. The ratio between the two was 1.27, whereas, the net money flow stood at a healthy $4.02 million on Thursdays session. The consistent buying on upticks in the stock accounted for $4.46million worth of trades. The total money flow into the stock stood at $4.46 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.15%. The stock was trading at $71.84, with a drop of $0.11 over the previous days close. The stock recorded -0.86% for the week.


The stock has recorded a 20-day Moving Average of 5.33% and the 50-Day Moving Average is 10.65%. Shares have rallied 25.43% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $72.95 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $66.20 and the 200 Day Moving Average price is recorded at $61.38.

General Mills (NYSE:GIS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $71.69 and $71.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $72.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.09, notching a gain of 0.21% for the day. The total traded volume was 2,689,482 . The stock had closed at $71.94 on the previous day.

In an insider trading activity, Rose Michael D, director of General Mills Inc, unloaded 10,000 shares at an average price of $72.32 on July 5, 2016. The total amount of the transaction was worth $723,200, according to the disclosed information 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.

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