Large Outflow of Money Witnessed in Hormel Foods Corporation

Hormel Foods Corporation (HRL) : Money flow in the Hormel Foods Corporation (HRL) stock was negative (0.87 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 $2.47 million, compared to $3.33 million on downticks. The total uptick to downtick ratio was 0.74, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.98 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.98 million, indicating persistent selling. Hormel Foods Corporation (HRL) traded $0.14 higher at $38.39 gaining 0.35% over the previous days close.


Shares of Hormel Foods Corporation appreciated by 2.68% during the last five trading days but lost 0.08% on a 4-week basis. Hormel Foods Corporation is up 9.07% in the last 3-month period. Year-to-Date the stock performance stands at -1.85%.

Hormel Foods Corporation (HRL) : 2 brokerage houses believe that Hormel Foods Corporation (HRL) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hormel Foods Corporation (HRL). Zacks Investment Research suggests a Buy with a rank of 2. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 2.57.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $38.3 and touched an intraday high of $38.4693 on Wednesday. During the day, the stock corrected to an intraday low of $38.12, however, the bulls stepped in and pushed the price higher to close in the green at $38.37 with a gain of 0.31% for the day. The total traded volume for the day was 2,104,031. The stock had closed at $38.25 in the previous trading session.

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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