Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. General Mills, Inc. shares valued at $3,190,351 were sold by HARMENING JEFFREY L on Oct 23 ’24. At $68.61 per share, HARMENING JEFFREY L sold 46,500 shares. The insider’s holdings dropped to 355,328 shares worth approximately $24.24 million following the completion of this transaction.
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Also, JEFFREY HARMENING purchased 46,500 shares, netting a total of over 3,190,351 in proceeds.
Before that, Pallot Mark A had sold 8,083 shares from its account. In a trade valued at $576,149, the Chief Accounting Officer traded General Mills, Inc. shares for $71.28 each. Upon closing the transaction, the insider’s holdings decreased to 8,083 shares, worth approximately $1.01 million.
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 -0.52%. Over the course of the year, General Mills, Inc. shares have jumped approximately 4.73%. 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 $72.16, while a 200-day SMA reached $68.21. Nevertheless, trading volume fell to 4.61 million shares from 2.97 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 67.79, which, if violated, would cause prices to drop to 67.37. In the upper region, resistance lies at 68.45. The next price resistance is at 68.69. RSI (Relative Strength Index) is 29.16 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 87.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
