General Mills, Inc.’s recent filing unveils that its Chief Accounting Officer Pallot Mark A unloaded Company’s shares for reported $0.58 million on Oct 15 ’24. In the deal valued at $71.28 per share,8,083 shares were sold. As a result of this transaction, Pallot Mark A now holds 14,813 shares worth roughly $1.04 million.
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Then, Pallot Mark A bought 8,083 shares, generating $576,150 in total proceeds.
Before that, Nudi Jonathon sold 9,647 shares. General Mills, Inc. shares valued at $717,650 were divested by the Group President at a price of $74.39 per share. As a result of the transaction, Nudi Jonathon now holds 128,664 shares, worth roughly $9.0 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 -1.06% to $69.93. Over the last five days, the stock has lost -1.24%. General Mills, Inc. shares have risen nearly 7.35% since the year began. Nevertheless, the stocks have risen 10.65% over the past one year. While a 52-week high of $75.90 was reached on 09/10/24, a 52-week low of $61.47 was recorded on 02/14/24. SMA at 50 days reached $72.29, while 200 days put it at $68.03.
Levels Of Support And Resistance For GIS Stock
The 24-hour chart illustrates a support level at 69.51, which if violated will result in even more drops to 69.10. On the upside, there is a resistance level at 70.47. A further resistance level may holdings at 71.02. The Relative Strength Index (RSI) on the 14-day chart is 32.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.43%. Stochastics %K at 7.38% 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.
