Double-Digit Returns From No Sales Growth Monday, October 12, 11:12 AM ET, by Brett Owens, Chief Investment Strategist Most investors think stock prices always follow earnings. So they obsess over profits - and ...
In trading on Wednesday, shares of Hormel Foods Corp. (NYSE:HRL) crossed below their 200 day moving average of $28.39, changing hands as low as $28.26 per share. Hormel Foods Corp. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of HRL shares, versus its 200 day moving average:
Looking at the chart above, HRL's low point in its 52 week range is $24.185 per share, with $30.50 as the 52 week high point — that compares with a last trade of $28.29.
HRL operates in the Food & Beverage sector, among companies like Yum! Brands, Inc. (NYSE:YUM) which is down about 2% today, and General Mills, Inc. (NYSE:GIS) trading lower by about 1.3%. Below is a three month price history chart comparing the stock performance of HRL, versus YUM and GIS.
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