General Mills Inc. (GIS) Moves Higher on Volume Spike for November 14

Equities Staff  |

General Mills Inc. (GIS) traded on unusually high volume on Nov. 14, as the stock gained 2.17% to close at $54.12. On the day, General Mills Inc. saw 5.39 million shares trade hands on 37,024 trades. Considering that the stock averages only a daily volume of 3.59 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $64.06 and $49.65 over the last 52-weeks, its 50-day SMA is now $52.25, and its 200-day SMA $55.50. General Mills Inc. has a P/B ratio of 7.88. It also has a P/E ratio of 19.

General Mills Inc is a global manufacturer and marketer of branded consumer foods, such as ready-to-eat breakfast cereals, refrigerated dough and other baking items, snack foods, ice cream, and yogurt.

Headquartered in Minneapolis, MN, General Mills Inc. has 38,000 employees and is currently under the leadership of CEO Jeffrey L. Harmening.

For a complete fundamental analysis analysis of General Mills Inc., check out’s Stock Valuation Analysis report for GIS.

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To get more information on General Mills Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GIS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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