Shares of Hormel Foods Corporation (HRL) Sees Large Outflow of Money

Hormel Foods Corporation (HRL) : The total money flow in Hormel Foods Corporation (HRL) was negative ($3.6 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $14.75 million. Transactions on upticks were comparatively lower at $11.15 million. The uptick to downtick ratio was 0.76. The total block trades on downticks were valued at $4.06 million. The money flow during block trades was negative ($4.06 million) when the stock traded with a gain of $29 cent. Hormel Foods Corporation (HRL) was $36.7, an increase of 0.78% over the previous days close.


The stock has recorded a 20-day Moving Average of 3.01% and the 50-Day Moving Average is 1.72%. Shares have rallied 25.13% from its 1 Year high price. On Feb 16, 2016, the shares registered one year high at $45.72 and the one year low was seen on Jul 27, 2015. The 50-Day Moving Average price is $35.09 and the 200 Day Moving Average price is recorded at $39.37.

Hormel Foods Corporation (NYSE:HRL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.33 and $36.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.71, notching a gain of 0.81% for the day. The total traded volume was 2,587,022 . The stock had closed at $36.42 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Pippins Dakota A, Director of HORMEL FOODS CORP /DE/, had unloaded 5,000 shares at an average price of $36.74 in a transaction dated on July 1, 2016. The total value of the transaction was worth $183,700.

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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