Stock price performance of Hormel Foods Corporation is analyzed for various periods using several stock trading signals. In this case, The stock price has rallied 3.91% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -6.52% . Looking at the past 52 week period, the stock price is down -8.44% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Hormel Foods Corporation has a negative value of -19.5 compared to overall market performance. Company shares have received an average consensus rating of Hold for the current week The stock has recorded a 20-day Moving Average of 1.21% and the 50-Day Moving Average is 3%.The 200 Day SMA reached 0.43%
Hormel Foods Corporation is having a Relative Strength Index of 56.77 which indicates the stock is not yet over sold or over bought based on the technical indicators. Stocks of Hormel Foods Corporation (NYSE:HRL) rallied by 0.06% during the past week but lost 0.55% on a 4-week basis. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.06%. Hormel Foods Corporation (NYSE:HRL) has underperformed the index by 1.44% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company has reported several Insider transactions to the SEC, on Jan 6, 2017, Robert Nakasone (director) sold 18,502 shares at 35.90 per share price.On Jan 4, 2017, James M Splinter (Group Vice President) sold 400 shares at 35.29 per share price.On Dec 28, 2016, Dakota A Pippins (director) sold 2,000 shares at 35.22 per share price.
Hormel Foods Corp Last issued its quarterly earnings results on Nov 22, 2016. The company reported $0.45 EPS for the quarter. Analyst had a consensus estimate of $0.45. The company had revenue of $2627.90 million for the quarter, compared to analysts expectations of $2622.84 million. The companys revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Hormel Foods Corp was Initiated by Piper Jaffray to Overweight on Jan 9, 2017. Hormel Foods Corp was Initiated by KeyBanc Capital Mkts to Sector Weight on Dec 2, 2016.
Hormel Foods Corporation (NYSE:HRL) : On Friday heightened volatility was witnessed in Hormel Foods Corporation (NYSE:HRL) which led to swings in the share price. The stock opened for trading at $36.28 and hit $36.29 on the upside , eventually ending the session at $36.14, with a gain of 0.47% or 0.17 points. The heightened volatility saw the trading volume jump to 2,291,812 shares. The 52-week high of the share price is $45.72 and the company has a market cap of $19,111 million. The 52-week low of the share price is at $33.18 .
Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHIS, DINTY MOORE, & HORMEL.