General Mills Inc. (GIS) Moves Higher on Volume Spike for December 19

Equities Staff  |

General Mills Inc. (GIS) traded on unusually high volume on Dec. 19, as the stock gained 5.04% to close at $38.55. On the day, General Mills Inc. saw 14.07 million shares trade hands on 86,426 trades. Considering that the stock averages only a daily volume of 6.21 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 $60.69 and $36.42 over the last 52-weeks, its 50-day SMA is now $42.71, and its 200-day SMA $43.83. General Mills Inc. has a P/B ratio of 3.69. It also has a P/E ratio of 10.4.

General Mills manufactures branded consumer foods, like ready-to-eat cereals, convenient meals, snacks, yogurt, baking mixes, and ice cream, to retail and food-service customers. Its key brands include Cheerios, Betty Crocker, Haagen-Dazs, Pillsbury, Nature Valley, Old El Paso, Annie's, and Yoplait. The North America retail segment contributed roughly two thirds of sales and above three fourths of operating profits in fiscal 2018. More than 70% of General Mills' revenue is generated in the United States. The firm is poised to bolster its presence in the natural and organics aisle with its acquisition of Blue Buffalo (now its pet segment), a natural pet food brand.

Headquartered in Minneapolis, MN, General Mills Inc. has 40,000 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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