General Mills (GIS) Shares are Up 0.94%

General Mills (GIS) has been under a strong bear grip, hence the stock is down -3.32% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.01% in the past 1 week. The stock has risen by 0.94% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.07% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 7.13%. General Mills, Inc. is up 17.98% in the last 3-month period. Year-to-Date the stock performance stands at 27.4%.


General Mills (NYSE:GIS): stock turned positive on Friday. Though the stock opened at $71.19, the bulls momentum made the stock top out at $72.22 level for the day. The stock recorded a low of $71.17 and closed the trading day at $71.89, in the green by 0.77%. The total traded volume for the day was 2,728,776. The stock had closed at $71.34 in the previous days trading.

Also, In a research note released to the investors, Morgan Stanley maintains its rating on General Mills (NYSE:GIS).The analysts at the brokerage house have a current rating of Equalweight on the shares. In a recent information released to the investors, Morgan Stanley raises the new price target from $63 per share to $66 per share. The rating by the firm was issued on July 14, 2016.

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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