Hormel Foods Corp’s recent filing unveils that its GROUP VICE PRESIDENT LYKKEN STEVEN J unloaded Company’s shares for reported $0.31 million on Sep 27 ’24. In the deal valued at $31.91 per share,9,800 shares were sold. As a result of this transaction, LYKKEN STEVEN J now holds 30,589 shares worth roughly $0.91 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, LYKKEN STEVEN J bought 9,800 shares, generating $312,688 in total proceeds.
Before that, Myers Kevin L sold 10,000 shares. Hormel Foods Corp shares valued at $327,000 were divested by the SENIOR VICE PRESIDENT at a price of $32.70 per share. As a result of the transaction, Myers Kevin L now holds 39,050 shares, worth roughly $1.16 million.
Exane BNP Paribas initiated its Hormel Foods Corp [HRL] rating to an Underperform in a research note published on October 21, 2024; the price target was $28. Citigroup also remained covering HRL and has increased its forecast on August 13, 2024 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on May 31, 2024. It rated HRL as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of HRL
On Tuesday, Hormel Foods Corp [NYSE:HRL] saw its stock jump 1.12% to $29.73. Over the last five days, the stock has lost -2.17%. Hormel Foods Corp shares have fallen nearly -7.41% since the year began. Nevertheless, the stocks have fallen -8.58% over the past one year. While a 52-week high of $36.86 was reached on 05/20/24, a 52-week low of $28.51 was recorded on 02/14/24. SMA at 50 days reached $31.12, while 200 days put it at $32.29.
Levels Of Support And Resistance For HRL Stock
The 24-hour chart illustrates a support level at 29.29, which if violated will result in even more drops to 28.85. On the upside, there is a resistance level at 29.97. A further resistance level may holdings at 30.20. The Relative Strength Index (RSI) on the 14-day chart is 37.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.86%. Stochastics %K at 13.97% indicates the stock is a buying.
How much short interest is there in Hormel Foods Corp?
A steep rise in short interest was recorded in Hormel Foods Corp stocks on 2024-10-31, dropping by -1.24 million shares to a total of 7.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 8.35 million shares. There was a decline of -17.49%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $31 price target.
