General Mills stock rises 1.51% on strong trading day
Updated
Updated · MarketWatch · May 6
General Mills stock rises 1.51% on strong trading day
12 articles · Updated · MarketWatch · May 6
Shares closed at $35.07 on Wednesday, marking a second straight gain as trading volume reached 13.7 million, above the 50-day average of 9.0 million.
The broader market also advanced, with the S&P 500 up 1.46% to 7,365.12 and the Dow Jones Industrial Average rising 1.24% to 49,910.59.
General Mills still finished 36.64% below its 52-week high of $55.35, while rivals Mondelez, Kraft Heinz and Hershey also posted gains, with Kraft Heinz rising the most.
As its stock struggles, why is General Mills labeled 'undervalued' yet also rated a 'Reduce' by analysts?
Is General Mills' strategy of selling legacy brands to chase new trends a path to revival or ruin?
With sales falling and costs rising, can a new COO truly restore the company's profitable growth?