Tuesday, June 20, 2017 11:15:13 AM
Last week, most of the leading food processing stocks sold off after Amazon.com (NASDAQ:AMZN) announced that they were acquiring Whole Foods Market Inc (NASDAQ:WFM) for $13.7 billion. Many of these leading food processing stocks are still coming under pressure since that news was released. At some point some of these leading food processing stocks will look attractive.
General Mills, Inc. (NYSE:GIS) is a leading is a manufacturer and marketer of branded consumer foods. This stock peaked out in July 2016 at $72.95 a share. Since that high pivot the stock has plunged lower and is currently trading at $56.85 a share. Many traders are now wondering if the stock is on sale, but the chart pattern indicates that the shares are headed lower. At this time, the stock has major support around the $52.50 area. This is a level where GIS stock based for roughly two years before breaking out. Very often, prior base patterns will serve as major support when retested. It should also be noted that General Mills, Inc. (NYSE:GIS) will report earnings on June 28th, 2017 before the opening bell.
Nicholas Santiago
InTheMoneyStocks
Recent GIS News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 09:36:26 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/18/2024 07:35:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 11:08:55 AM
- General Mills Reports Fiscal 2025 First-quarter Results • Business Wire • 09/18/2024 11:00:00 AM
- U.S. Index Futures Steady Ahead of Fed Rate Decision; Oil Prices Dip • IH Market News • 09/18/2024 10:14:55 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/17/2024 06:58:32 PM
- REESE’S PUFFS Cereal Teams up with All-Star Angel Reese to Release Limited Edition Cereal and Teases Upcoming Fashion Collab • Business Wire • 09/17/2024 01:00:00 PM
- General Mills Announces Agreements to Sell Its North American Yogurt Business to Lactalis and Sodiaal • Business Wire • 09/12/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 05:52:23 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 05:47:03 PM
- Annie’s Cooks Up New ‘Now Cheesier’ Mac & Cheese Recipe, More Smiles Are the Key to Unlocking Free Mac • Business Wire • 09/10/2024 01:00:00 PM
- General Mills Reaffirms Annual Guidance and Provides Business Update at 2024 Barclays Global Consumer Staples Conference • Business Wire • 09/03/2024 12:00:00 PM
- Betty Crocker Stirs Up Magic with “Wicked”-Themed Color-Changing Baking Kits and Wickedly Better Together Recipes • Business Wire • 08/29/2024 05:06:00 PM
- The Pillsbury Doughboy Teams up with America’s Favorite Football Mom Donna Kelce to Host The Pillsbury Bake-Off™ Contest • Business Wire • 08/28/2024 01:12:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:08:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:05:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:03:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 03:00:31 PM
- ‘New Newwws:’ Travis and Jason Kelce Compete at General Mills Cereal Training Camp • Business Wire • 08/26/2024 01:00:00 PM
- General Mills to Webcast Fiscal 2025 First Quarter Earnings Results on September 18, 2024 • Business Wire • 08/26/2024 12:00:00 PM
- Form PX14A6G - Notice of exempt solicitation submitted by non-management • Edgar (US Regulatory) • 08/22/2024 09:11:52 PM
- Kid Cudi Brings His Favorite Childhood Treat Home with Limited-Edition Fair-Themed Bisquick Funnel Cake Mix • Business Wire • 08/22/2024 01:00:00 PM
- General Mills to Webcast Remarks at Barclays Global Consumer Staples Conference on Sept. 5, 2024 • Business Wire • 08/20/2024 12:00:00 PM
- Wheaties™ Honors Tennis Champion Coco Gauff with her First Iconic Orange Box • Business Wire • 08/20/2024 12:00:00 PM
- Form PX14A6G - Notice of exempt solicitation submitted by non-management • Edgar (US Regulatory) • 08/19/2024 10:05:20 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM