General Mills, Inc.’s filing revealed that its Group President Nudi Jonathon unloaded Company’s shares for reported $0.69 million on Mar 22 ’24. In the deal valued at $69.21 per share,10,000 shares were sold. As a result of this transaction, Nudi Jonathon now holds 93,381 shares worth roughly $6.54 million.
Then, MORIKIS JOHN G sold 55 shares, generating $3,617 in total proceeds. Upon selling the shares at $65.76, the Director now owns 5,802 shares.
Before that, Nudi Jonathon sold 7,671 shares. General Mills, Inc. shares valued at $492,121 were divested by the Group President at a price of $64.15 per share. As a result of the transaction, Nudi Jonathon now holds 102,924 shares, worth roughly $7.2 million.
Citigroup initiated its General Mills, Inc. [GIS] rating to a Neutral in a research note published on February 01, 2024; the price target was $67. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Sector perform”‘ rating for it. HSBC Securities began covering GIS with “Hold” recommendation on September 22, 2023. Piper Sandler maintained its rating on September 18, 2023. It rated GIS as “an Overweight”.
Price Performance Review of GIS
On Monday, General Mills, Inc. [NYSE:GIS] saw its stock jump 0.30% to $70.00. Over the last five days, the stock has lost -0.19%. General Mills, Inc. shares have risen nearly 7.46% since the year began. Nevertheless, the stocks have fallen -19.60% over the past one year. While a 52-week high of $90.89 was reached on 03/20/24, a 52-week low of $60.33 was recorded on 02/14/24. SMA at 50 days reached $66.01, while 200 days put it at $67.33. A total of 4.02 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For GIS Stock
The 24-hour chart illustrates a support level at 69.55, which if violated will result in even more drops to 69.11. On the upside, there is a resistance level at 70.46. A further resistance level may holdings at 70.93. The Relative Strength Index (RSI) on the 14-day chart is 61.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.22%. Stochastics %K at 43.07% indicates the stock is a holding.
How much short interest is there in General Mills, Inc.?
A steep rise in short interest was recorded in General Mills, Inc. stocks on Mar 15, 2024, growing by 0.61 million shares to a total of 13.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.16 million shares. There was a rise of 4.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.44% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.42.
The most recent change occurred on September 18, 2023 when JP Morgan resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $69.
