Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. General Mills, Inc shares valued at $63,660 were sold by SASTRE MARIA on Nov 15 ’24. At $63.66 per share, SASTRE MARIA sold 1,000 shares. The insider’s holdings dropped to 23,013 shares worth approximately $1.5 million following the completion of this transaction.
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Also, HARMENING JEFFREY L sold 46,500 shares, netting a total of over 3,190,351 in proceeds. Following the sale of shares at $68.61 each, the insider now holds 355,328 shares.
Before that, JEFFREY HARMENING had added 46,500 shares to its account. In a trade valued at $3,190,351, the Officer bought General Mills, Inc shares for $68.61 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 -0.99%. Over the course of the year, General Mills, Inc shares have jumped approximately 0.31%. 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 $68.46, while a 200-day SMA reached $68.39. Nevertheless, trading volume fell to 3.13 million shares from 47628.0 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 64.87, which, if violated, would cause prices to drop to 64.41. In the upper region, resistance lies at 66.00. The next price resistance is at 66.67. RSI (Relative Strength Index) is 44.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 40.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
