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General Mills, Inc [GIS] Insider Activity: An Update for Investors

General Mills, Inc’s recently made public that its Director SASTRE MARIA unloaded Company’s shares for reported $63660.0 on Nov 15 ’24. In the deal valued at $63.66 per share,1,000 shares were sold. As a result of this transaction, SASTRE MARIA now holds 23,013 shares worth roughly $1.52 million.

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Then, HARMENING JEFFREY L sold 46,500 shares, generating $3,190,351 in total proceeds. Upon selling the shares at $68.61, the Chairman of the Board & CEO now owns 355,328 shares.

Before that, JEFFREY HARMENING bought 46,500 shares. General Mills, Inc shares valued at $3,190,351 were divested by the Officer at a price of $68.61 per share.

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 jump 0.05% to $66.26. Over the last five days, the stock has gained 3.34%. General Mills, Inc shares have risen nearly 1.72% since the year began. Nevertheless, the stocks have risen 5.86% 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 $68.94, while 200 days put it at $68.37.

Levels Of Support And Resistance For GIS Stock

The 24-hour chart illustrates a support level at 65.85, which if violated will result in even more drops to 65.44. On the upside, there is a resistance level at 66.52. A further resistance level may holdings at 66.79. The Relative Strength Index (RSI) on the 14-day chart is 49.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.56%. Stochastics %K at 84.02% indicates the stock is a selling.

How much short interest is there in General Mills, Inc?

A steep rise in short interest was recorded in General Mills, Inc stocks on 2024-11-15, growing by 1.59 million shares to a total of 19.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 17.92 million shares. There was a rise of 8.15%, 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.

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