General Mills Stock Gaps Lower on Dismal Forecast
Portfolio Pulse from
General Mills Inc (NYSE:GIS) shares fell 2.9% to $64.01 despite reporting better-than-expected fiscal second-quarter earnings and revenue, due to a dismal forecast.
December 18, 2024 | 4:00 pm
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NEGATIVE IMPACT
General Mills shares fell 2.9% despite strong Q2 earnings and revenue, due to a dismal forecast.
The stock price of General Mills dropped by 2.9% as investors reacted negatively to a dismal forecast, overshadowing the better-than-expected earnings and revenue. This indicates a short-term negative sentiment towards the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100