General Mills, Inc. (GIS - Analyst Report) recently introduced six new flavors of Progresso ready-to-eat soups. The new creamy and spicy flavors are adding to the varieties of New Vegetable Classics and Light and Traditional Soup flavors.
But making General Mills, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of GIS entered into oversold territory, changing hands as low as $50.96 per share.
General Mills (NYSE:GIS) recently dropped down from its 52-week high of $55.64 and is now trading at $50.93. The drop in price per share has pushed the dividend yield up to a very respectable 3.22% at the current rate of $0.41 per quarter.
General Mills, Inc. (NYSE:GIS) showing negative movement during previous trade, it traded with the volume of 1.97 million shares in the last trading session, as compared to average volume of 2.61 million shares.