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 $1.15 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 $0.38 million.
As published in a research note from Argus on July 16, 2024, General Mills, Inc. [GIS] has been rated down from a Buy to a Hold. Analysts at Bernstein upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid May. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for GIS. Earlier on December 21, 2023, RBC Capital Mkts resumed its rating. Their recommendation was “a Sector perform” for GIS stock.
Analyzing GIS Stock Performance
During the last five days, there has been a surge of approximately 0.47%. Over the course of the year, General Mills, Inc. shares have jumped approximately 1.06%. 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 $66.22, while a 200-day SMA reached $65.99. Nevertheless, trading volume fell to 4.02 million shares from 3.62 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 65.12, which, if violated, would cause prices to drop to 64.40. In the upper region, resistance lies at 66.90. The next price resistance is at 67.96. RSI (Relative Strength Index) is 56.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.18, which suggests the price will increase in the coming days. Percent R is at 27.68%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.