Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Mills, Inc. shares valued at $3,190,351 were purchased by JEFFREY HARMENING on Oct 23 ’24. At $68.61 per share, JEFFREY HARMENING acquired 46,500 shares.
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Also, Pallot Mark A sold 8,083 shares, netting a total of over 576,149 in proceeds. Following the sale of shares at $71.28 each, the insider now holds 14,813 shares.
Before that, Pallot Mark A had added 8,083 shares to its account. In a trade valued at $576,150, the Officer bought General Mills, Inc. shares for $71.28 each.
As published in their initiating research note from Goldman on August 12, 2024, General Mills, Inc. [GIS] has been a Buy and the price target has been revised to $76. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid July. As of May 15, 2024, Bernstein has increased its “an Underperform” rating to a “Mkt perform” for GIS. Earlier on February 01, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for GIS stock.
Analyzing GIS Stock Performance
During the last five days, there has been a drop of approximately -3.41%. Over the course of the year, General Mills, Inc. shares have jumped approximately 5.28%. Shares of the company reached a 52-week high of $75.90 on 09/10/24 and a 52-week low of $61.47 on 02/14/24. A 50-day SMA is recorded $72.29, while a 200-day SMA reached $68.08. Nevertheless, trading volume fell to 3.38 million shares from 3.38 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 68.31, which, if violated, would cause prices to drop to 68.04. In the upper region, resistance lies at 68.89. The next price resistance is at 69.20. RSI (Relative Strength Index) is 28.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.13, which suggests the price will decrease in the coming days. Percent R is at 95.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
