Large Outflow of Money Witnessed in General Mills

General Mills (GIS) : Money flow in the General Mills (GIS) stock was negative (1.06 million) on Wednesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $7.08 million, compared to $8.14 million on downticks. The total uptick to downtick ratio was 0.87, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($1.84 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $1.84 million, indicating persistent selling. General Mills (GIS) traded $0.07 higher at $63.99 gaining 0.11% over the previous days close.


General Mills, Inc. has lost 1.81% in the last five trading days and dropped 10.28% in the last 4 weeks. General Mills, Inc. has dropped 4.94% during the last 3-month period . Year-to-Date the stock performance stands at 13.56%.

General Mills (GIS) : Zacks Investment Research ranks General Mills (GIS) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.67, which indicates as a Hold.

General Mills (NYSE:GIS): The stock opened at $64.15 and touched an intraday high of $64.19 on Wednesday. During the day, the stock corrected to an intraday low of $63.76, however, the bulls stepped in and pushed the price higher to close in the green at $64.08 with a gain of 0.25% for the day. The total traded volume for the day was 2,474,918. The stock had closed at $63.92 in the previous trading session.

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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