Large Outflow of Money Witnessed in Hormel Foods Corporation

Hormel Foods Corporation (HRL) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (4.03 million) in Hormel Foods Corporation (HRL). On Monday, The value of composite uptick trades was $8.65 million, whereas, the value of composite downtick trades was $12.68 million and the ratio between the two was 0.68, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $5.65 million. $1.32 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.23. The negative money flow of ($4.33 million) shows selling on strength. Hormel Foods Corporation (HRL) gained $0.3 intraday at $36.57 and registrered 0.83% for the week.

Hormel

Hormel Foods Corporation has dropped 6.92% during the last 3-month period . Year-to-Date the stock performance stands at -6.56%. Shares of Hormel Foods Corporation rose by 0.7% in the last five trading days and 4.91% for the last 4 weeks. In a related news,The Director of HORMEL FOODS CORP /DE/, Pippins Dakota A sold 5,000 shares at $36.74 on July 1, 2016. The Insider selling transaction had a total value worth of $183,700. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Hormel Foods Corporation (NYSE:HRL): stock turned positive on Monday. Though the stock opened at $36.34, the bulls momentum made the stock top out at $36.68 level for the day. The stock recorded a low of $36.27 and closed the trading day at $36.53, in the green by 0.72%. The total traded volume for the day was 1,896,313. The stock had closed at $36.27 in the previous days trading.

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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