Hormel Foods Corp’s filing revealed that its GROUP VICE PRESIDENT LYKKEN STEVEN J acquired Company’s shares for reported $0.16 million on Dec 06 ’24. In the deal valued at $32.47 per share,4,904 shares were bought. As a result of this transaction, LYKKEN STEVEN J now holds 7,100 shares worth roughly $0.21 million.
Then, LYKKEN STEVEN J sold 9,800 shares, generating $312,689 in total proceeds. Upon selling the shares at $31.91, the GROUP VICE PRESIDENT now owns 30,589 shares.
Before that, LYKKEN STEVEN J bought 9,800 shares. Hormel Foods Corp shares valued at $312,688 were divested by the Officer at a price of $31.91 per share.
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 fall -1.76% to $30.14. Over the last five days, the stock has lost -3.40%. Hormel Foods Corp shares have fallen nearly -3.92% since the year began. Nevertheless, the stocks have fallen -6.28% over the past one year. While a 52-week high of $36.86 was reached on 01/02/25, a 52-week low of $28.51 was recorded on 01/07/25. SMA at 50 days reached $31.33, while 200 days put it at $32.27.
Levels Of Support And Resistance For HRL Stock
The 24-hour chart illustrates a support level at 29.73, which if violated will result in even more drops to 29.32. On the upside, there is a resistance level at 30.89. A further resistance level may holdings at 31.65. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.52%. Stochastics %K at 8.54% 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 2024-11-15, growing by 1.38 million shares to a total of 9.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.95 million shares. There was a rise of 14.75%, which implies that there is a positive 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.
