In a filing, General Mills, Inc. revealed its Group President Nudi Jonathon unloaded Company’s shares for reported $0.72 million on Sep 27 ’24. In the deal valued at $74.39 per share,9,647 shares were sold. As a result of this transaction, Nudi Jonathon now holds 128,664 shares worth roughly $9.11 million.
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Then, Nudi Jonathon bought 9,647 shares, generating $717,650 in total proceeds.
Before that, Sharma Pankaj MN sold 2,325 shares. General Mills, Inc. shares valued at $173,516 were divested by the Segment President at a price of $74.63 per share. As a result of the transaction, Sharma Pankaj MN now holds 36,184 shares, worth roughly $2.56 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 Friday, General Mills, Inc. [NYSE:GIS] saw its stock fall -0.69% to $70.81. Over the last five days, the stock has lost -3.80%. General Mills, Inc. shares have risen nearly 8.70% since the year began. Nevertheless, the stocks have risen 12.88% over the past one year. While a 52-week high of $75.90 was reached on 09/10/24, a 52-week low of $61.01 was recorded on 02/14/24. SMA at 50 days reached $72.09, while 200 days put it at $67.90.
Levels Of Support And Resistance For GIS Stock
The 24-hour chart illustrates a support level at 70.51, which if violated will result in even more drops to 70.21. On the upside, there is a resistance level at 71.35. A further resistance level may holdings at 71.89. The Relative Strength Index (RSI) on the 14-day chart is 35.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.58%. Stochastics %K at 3.44% indicates the stock is a buying.
How much short interest is there in General Mills, Inc.?
A steep rise in short interest was recorded in General Mills, Inc. stocks on 2024-09-30, growing by 2.05 million shares to a total of 18.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.52 million shares. There was a rise of 11.05%, which implies that there is a positive 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.
