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 $67,144 were sold by Gallagher Paul Joseph on Dec 20 ’24. At $64.50 per share, Gallagher Paul Joseph sold 1,041 shares. The insider’s holdings dropped to 42,117 shares worth approximately $2.68 million following the completion of this transaction.
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Also, Gallagher Paul Joseph purchased 1,041 shares, netting a total of over 67,144 in proceeds.
Before that, SASTRE MARIA had sold 1,000 shares from its account. In a trade valued at $63,660, the Director traded General Mills, Inc shares for $63.66 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.47 million.
As published in a research note from TD Cowen on December 19, 2024, General Mills, Inc [GIS] has been retained to a Hold and the price target has been revised to $64. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of August 12, 2024, Goldman has initiated its “Buy” rating for GIS. Earlier on July 16, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for GIS stock which previously was a “a Buy”.
Analyzing GIS Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, General Mills, Inc shares have dropped approximately -2.15%. 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 $66.27, while a 200-day SMA reached $68.42. Nevertheless, trading volume fell to 1.22 million shares from 3.38 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 63.34, which, if violated, would cause prices to drop to 62.93. In the upper region, resistance lies at 63.99. The next price resistance is at 64.23. RSI (Relative Strength Index) is 38.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.46, which suggests the price will decrease in the coming days. Percent R is at 78.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
