In a filing, General Mills, Inc. revealed its Segment President Sharma Pankaj MN unloaded Company’s shares for reported $0.17 million on Sep 20 ’24. In the deal valued at $74.63 per share,2,325 shares were sold. As a result of this transaction, Sharma Pankaj MN now holds 36,184 shares worth roughly $2.67 million.
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Then, Sharma Pankaj MN bought 2,325 shares, generating $173,516 in total proceeds.
Before that, Shaffer Werner Lanette sold 710 shares. General Mills, Inc. shares valued at $50,105 were divested by the Chief Innovation Officer at a price of $70.57 per share. As a result of the transaction, Shaffer Werner Lanette now holds 17,397 shares, worth roughly $1.28 million.
Goldman initiated its General Mills, Inc. [GIS] rating to a Buy in a research note published on August 12, 2024; the price target was $76. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Hold”. Bernstein also remained covering GIS and has increased its forecast on May 15, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Citigroup started covering the stock on February 01, 2024. It rated GIS as “a Neutral”.
Price Performance Review of GIS
On Tuesday, General Mills, Inc. [NYSE:GIS] saw its stock fall -0.57% to $73.77. Over the last five days, the stock has lost -0.98%. General Mills, Inc. shares have risen nearly 13.25% since the year began. Nevertheless, the stocks have risen 13.81% over the past one year. While a 52-week high of $75.90 was reached on 09/10/24, a 52-week low of $60.33 was recorded on 02/14/24. SMA at 50 days reached $70.17, while 200 days put it at $67.43.
Levels Of Support And Resistance For GIS Stock
The 24-hour chart illustrates a support level at 73.22, which if violated will result in even more drops to 72.67. On the upside, there is a resistance level at 74.61. A further resistance level may holdings at 75.45. The Relative Strength Index (RSI) on the 14-day chart is 57.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.61%. Stochastics %K at 55.98% 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 2024-08-30, dropping by 15237.0 shares to a total of 16.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.54 million shares. There was a decline of -0.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 21, 2023 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $72.
