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
- General Mills Stands for People and Planet in 2024 Global Responsibility Report • Business Wire • 04/18/2024 01:00:00 PM
- General Mills Unveils Limited-Edition, Collectible Cereal Boxes Featuring Gen Z Icons TOMORROW X TOGETHER • Business Wire • 04/16/2024 01:43:00 PM
- Wheaties™ Pushes the Limits of Breakfast with Highest Protein Offering in Cereal Category: Wheaties Protein • Business Wire • 04/15/2024 01:00:00 PM
- Apple Pre-Market Drop Due to Antitrust Threats, Surprising Profit Boosts Micron Shares, and Latest Market Updates • IH Market News • 03/21/2024 11:17:26 AM
- U.S. Index Futures Trade Sideways Amid Anticipation of Fed’s Policy Update; Oil Prices Dip • IH Market News • 03/20/2024 11:17:32 AM
- General Mills Reports Fiscal 2024 Third-quarter Results • Business Wire • 03/20/2024 11:00:00 AM
- General Mills to Webcast Fiscal 2024 Third Quarter Earnings Results on March 20, 2024 • Business Wire • 02/28/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:10:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:08:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 07:02:26 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 02/27/2024 03:34:16 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/27/2024 02:54:55 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/23/2024 08:23:00 PM
- Lucky the Leprechaun is Missing and Teasing Fans in Minneapolis, Miami and Los Angeles! • Business Wire • 02/20/2024 01:00:00 PM
- General Mills Shares Progress Against Accelerate Strategy • Business Wire • 02/20/2024 11:30:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/09/2024 11:05:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 02:10:06 PM
- General Mills Announces Long-time Senior Executive Shawn O’Grady to Retire • Business Wire • 02/07/2024 02:00:00 PM
- Introducing This Season’s Most Valuable Taco — the New Old El Paso™ Cinnamon Toast Crunch™ Dessert Taco Shells • Business Wire • 02/05/2024 01:00:00 PM
- General Mills to Webcast Presentation at CAGNY Conference on Feb. 20, 2024 • Business Wire • 02/05/2024 01:00:00 PM
- Totino’s™ Delivers Pizza Rolls™ Hot-and-Ready to Your Doorstep for the Big Game • Business Wire • 02/01/2024 02:00:00 PM
- Live “Cereal Rich” with LOADED, General Mills’ Biggest, Boldest Cereal Yet, and Limited-Editon Accessories • Business Wire • 02/01/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 08:13:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/31/2024 08:08:45 PM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
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