AAL

General Mills Stock Moves Higher After Earnings

The stock is brushing off a lower-than-expected annual forecast

Deputy Editor
Jun 29, 2022 at 10:15 AM
facebook X logo linkedin


The shares of General Mills Inc (NYSE:GIS) are up 4.2% to trade at $73.23 at last glance, after the Cheerios maker reported better-than-expected fiscal fourth-quarter results. The company lowered its full-year forecast, however, citing rising costs and weaker demand. 

On the charts, GIS isn't trading too far from its mid-May record high of $73.99, and stands  21.4% higher year-over-year. Plus, over the past couple months, the $65 level has provided a floor for pullbacks. 

Puts have been much more popular than usual in the options pits. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), General Mills stock's 10-day put/call volume ratio of 9.41 ranks higher than 96% of readings from the past year. 

Some of that pessimism could be unwinding, however. So far today, 2,771 calls and 1,726 puts have crossed the tape, with overall volume running at nine times what's typically seen. The July 72.50 call is the most popular by far, followed by the 75 call in the same monthly series. 

Analysts have yet to chime in, but there is plenty of room for upgrades. Of the 11 in coverage, seven carry a "hold" or worse rating on General Mills stock. 

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.