General Mills Stock Gaps Lower on Dismal Forecast
GM(GM) Schaeffers Investment Research·2024-12-18 23:41
Shares of General Mills Inc (NYSE:GIS) are down 2.9% at $64.01 at last check, brushing off better-than-expected fiscal second-quarter earnings and revenue. The food manufacturer's disappointing 2025 profit outlook is weighing on the stock, as the company invests in promotions to draw in cash-strapped customers. Trading at its lowest level in over three weeks, GIS is back below recent support at its 20-day moving average. Today's slide also has the equity slipping into the red for 2024.There's still plenty o ...