General Mills, Inc’s recent filing unveils that its Chief Supply Chain Officer Gallagher Paul Joseph unloaded Company’s shares for reported $67144.0 on Dec 20 ’24. In the deal valued at $64.50 per share,1,041 shares were sold. As a result of this transaction, Gallagher Paul Joseph now holds 42,117 shares worth roughly $2.46 million.
Then, Gallagher Paul Joseph bought 1,041 shares, generating $67,144 in total proceeds.
Before that, SASTRE MARIA sold 1,000 shares. General Mills, Inc shares valued at $63,660 were divested by the Director at a price of $63.66 per share. As a result of the transaction, SASTRE MARIA now holds 23,013 shares, worth roughly $1.35 million.
TD Cowen reiterated its General Mills, Inc [GIS] rating to a Hold in a research note published on December 19, 2024; the price target was $64. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Goldman began covering GIS with “Buy” recommendation on August 12, 2024. Argus revised its rating on July 16, 2024. It rated GIS as “a Hold” which previously was an “a Buy”.
Price Performance Review of GIS
On Friday, General Mills, Inc [NYSE:GIS] saw its stock fall -4.05% to $58.50. Over the last five days, the stock has lost -7.93%. General Mills, Inc shares have fallen nearly -8.26% since the year began. Nevertheless, the stocks have fallen -9.13% over the past one year. While a 52-week high of $75.90 was reached on 01/03/25, a 52-week low of $59.70 was recorded on 01/10/25. SMA at 50 days reached $64.87, while 200 days put it at $68.15.
Levels Of Support And Resistance For GIS Stock
The 24-hour chart illustrates a support level at 57.70, which if violated will result in even more drops to 56.91. On the upside, there is a resistance level at 59.86. A further resistance level may holdings at 61.23. The Relative Strength Index (RSI) on the 14-day chart is 21.87, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.63%. Stochastics %K at 16.83% indicates the stock is a buying.
How much short interest is there in General Mills, Inc?
A steep rise in short interest was recorded in General Mills, Inc stocks on 2024-11-29, growing by 2.63 million shares to a total of 21.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.55 million shares. There was a rise of 12.42%, which implies that there is a positive sentiment for the stock.
