Overall market sentiment has been high on General Mills Inc (GIS) stock lately. GIS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
General Mills Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GIS!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With GIS Stock Today?
General Mills Inc (GIS) stock is up 0.34% while the S&P 500 is down -0.32% as of 3:00 PM on Monday, Apr 1. GIS is higher by $0.24 from the previous closing price of $69.97 on volume of 1,707,457 shares. Over the past year the S&P 500 has risen 26.99% while GIS is down -18.28%. GIS earned $4.36 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.11.
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More About General Mills Inc
General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.
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