Shares of Hormel Foods Corporation (HRL) Drops by -0.93%

Hormel Foods Corporation (HRL) has risen sharply, recording gains of 3.99% in the past 4 weeks. However, the stock has corrected -0.93% in the past 1 week, providing a good buying opportunity on dips. Hormel Foods Corporation (HRL) : During the past 4 weeks, traders have been relatively bearish on Hormel Foods Corporation (HRL), hence the stock is down -0.37% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.39% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.8% and the 50-Day Moving Average is 0.99%.

Hormel Foods Corporation (NYSE:HRL): The stock opened at $36.70 on Friday but the bulls could not build on the opening and the stock topped out at $36.77 for the day. The stock traded down to $36.25 during the day, due to lack of any buying support eventually closed down at $36.27 with a loss of -1.20% for the day. The stock had closed at $36.71 on the previous day. The total traded volume was 2,556,213 shares.

Hormel

The company Insiders own 3.54% of Hormel Foods Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.93% . Institutional Investors own 33.92% of Hormel Foods Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -6.54%. 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 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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