Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Mills, Inc. shares valued at $50,105 were sold by Shaffer Werner Lanette on May 13 ’24. At $70.57 per share, Shaffer Werner Lanette sold 710 shares. The insider’s holdings dropped to 17,397 shares worth approximately $1.2 million following the completion of this transaction.
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Also, Nudi Jonathon sold 10,000 shares, netting a total of over 692,109 in proceeds. Following the sale of shares at $69.21 each, the insider now holds 93,381 shares.
Before that, MORIKIS JOHN G had sold 55 shares from its account. In a trade valued at $3,617, the Director traded General Mills, Inc. shares for $65.76 each. Upon closing the transaction, the insider’s holdings decreased to 55 shares, worth approximately $0.4 million.
As published in a research note from Bernstein on May 15, 2024, General Mills, Inc. [GIS] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $70 from $62. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in early February. As of December 21, 2023, RBC Capital Mkts has reiterated its “Sector perform” rating for GIS. Earlier on September 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for GIS stock.
Analyzing GIS Stock Performance
During the last five days, there has been a drop of approximately -3.24%. Over the course of the year, General Mills, Inc. shares have jumped approximately 6.06%. Shares of the company reached a 52-week high of $74.45 on 03/20/24 and a 52-week low of $61.47 on 02/14/24. A 50-day SMA is recorded $69.61, while a 200-day SMA reached $66.31. Nevertheless, trading volume fell to 3.08 million shares from 3.41 million shares the previous day.
Support And Resistance Levels for General Mills, Inc. (GIS)
According to the 24-hour chart, there is a support level at 68.62, which, if violated, would cause prices to drop to 68.16. In the upper region, resistance lies at 69.78. The next price resistance is at 70.48. RSI (Relative Strength Index) is 44.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 91.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
