General Mills, Inc (NYSE:GIS) shares, rose in value on Wednesday, May 07, with the stock price down by -0.22% to the previous day’s close as strong demand from buyers drove the stock to $54.44.
Actively observing the price movement in the last trading, the stock closed the session at $54.56. The PE ratio was 11.96 over 12-month period. Referring to stock’s 52-week performance, its high was $75.90, and the low was $54.42. On the whole, GIS has fluctuated by -7.15% over the past month.
With the market capitalization of General Mills, Inc currently standing at about $29.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.40, with its dividend yield at 4.41%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GIS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GIS currently trading nearly -3.92% and -7.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.65, while the 7-day volatility ratio is showing 1.55% which for the 30-day chart, stands at 2.48%. Furthermore, General Mills, Inc (GIS)’s beta value is 0.03, and its average true range (ATR) is 1.34.
A comparison of General Mills, Inc (GIS) with its peers suggests the former has fared considerably weaker in the market. GIS showed an intraday change of -0.22% in last session, and over the past year, it shrunk by -22.13%%.
Data on historical trading for General Mills, Inc (NYSE:GIS) indicates that the trading volumes over the past 3 months, they’ve averaged 6.06 million. According to company’s latest data on outstanding shares, there are 547.50 million shares outstanding.
Nearly 0.36% of General Mills, Inc’s shares belong to company insiders and institutional investors own 84.03% of the company’s shares. The stock has fallen by -14.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GIS stock heading into the next quarter.
