General Mills, Inc.GIS was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company-as the stock is now down 12.8% in the past one-month time frame.
The move came after the company reported solid second-quarter fiscal 2019 results (ended Nov 25, 2018).
The company has seen four negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
General Mills currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
General Mills, Inc. Price
A better-ranked stock in the Consumer Staples sector is Scholastic Corporation SCHL , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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