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Updated · MarketWatch · Apr 30General Mills stock rises 2.44% and outperforms rivals
9 articles · Updated · MarketWatch · Apr 30
- Shares closed at $35.31 on Thursday as the S&P 500 gained 1.02% to 7,209.01 and the Dow rose 1.62% to 49,652.14.
- General Mills beat Mondelez's 0.66% rise, Kraft Heinz's 1.07% gain and Hershey's 1.81% decline during the broad market rally.
- The stock remains 37.24% below its 52-week high of $56.26 reached on May 1, while trading volume of 9.0 million matched its 50-day average.
With earnings projected to fall, is General Mills' stock a value trap or a smart buy for cautious investors? Can high-protein snacks save General Mills from the multi-billion dollar threat posed by new weight-loss drugs?