General Mills Inc. (GIS) Moves Lower on Volume Spike for August 27

Equities Staff  |

General Mills Inc. (GIS) traded on unusually high volume on Aug. 27, as the stock lost 3.83% to close at $51.91. On the day, General Mills Inc. saw 5.95 million shares trade hands on 51,557 trades. Considering that the stock averages only a daily volume of 3.35 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 $55.43 and $36.42 over the last 52-weeks, its 50-day SMA is now $53.37, and its 200-day SMA $47.52. General Mills Inc. has a P/B ratio of 4.44. It also has a P/E ratio of 18.5.

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 Buffalo, and Haagen-Dazs. In 2019, 74% 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 commercial baking industry.

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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