Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hormel Foods Corp shares valued at $159,246 were purchased by LYKKEN STEVEN J on Dec 06 ’24. At $32.47 per share, LYKKEN STEVEN J acquired 4,904 shares. The insider’s holdings grew to 7,100 shares worth approximately $0.23 million following the completion of this transaction.
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
Also, LYKKEN STEVEN J sold 9,800 shares, netting a total of over 312,689 in proceeds. Following the sale of shares at $31.91 each, the insider now holds 30,589 shares.
Before that, LYKKEN STEVEN J had added 9,800 shares to its account. In a trade valued at $312,688, the Officer bought Hormel Foods Corp shares for $31.91 each.
As published in their initiating research note from Exane BNP Paribas on October 21, 2024, Hormel Foods Corp [HRL] has been an Underperform and the price target has been revised to $28. As of August 13, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for HRL. Earlier on May 31, 2024, JP Morgan upgraded its rating. Their new recommendation was “a Neutral” for HRL stock which previously was a “an Underweight”.
Analyzing HRL Stock Performance
During the last five days, there has been a drop of approximately -3.71%. Over the course of the year, Hormel Foods Corp shares have dropped approximately -0.65%. Shares of the company reached a 52-week high of $36.86 on 05/20/24 and a 52-week low of $28.51 on 02/14/24. A 50-day SMA is recorded $31.30, while a 200-day SMA reached $32.44. Nevertheless, trading volume fell to 4.28 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Hormel Foods Corp (HRL)
According to the 24-hour chart, there is a support level at 31.44, which, if violated, would cause prices to drop to 30.98. In the upper region, resistance lies at 32.26. The next price resistance is at 32.62. RSI (Relative Strength Index) is 49.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 64.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
