Shares of General Mills (GIS) Drops by -0.61%

General Mills (GIS) has risen sharply, recording gains of 9.44% in the past 4 weeks. However, the stock has corrected -0.61% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.85% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 4.64% and the 50-Day Moving Average is 10.17%.

General Mills (NYSE:GIS): The stock opened at $72.25 on Friday but the bulls could not build on the opening and the stock topped out at $72.28 for the day. The stock traded down to $71.85 during the day, due to lack of any buying support eventually closed down at $72.02 with a loss of -0.10% for the day. The stock had closed at $72.09 on the previous day. The total traded volume was 2,848,945 shares.


The company Insiders own 1.4% of General Mills shares according to the proxy statements. Institutional Investors own 70.9% of General Mills shares. During last six month period, the net percent change held by insiders has seen a change of -5.32%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of General Mills Inc, Rose Michael D had sold 10,000 shares worth of $723,200 in a transaction dated July 5, 2016. In this transaction, 10,000 shares were sold at $72.32 per share.

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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