29.45
price up icon1.94%   0.56
pre-market  Vorhandelsmarkt:  29.45  
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Warum fällt Hormel Foods Corp-Aktie (HRL)?

2023-10-12:

Hormel Foods Corporation Stock (HRL) dropped by 9.83% from $36.23 to $32.67 in the trading on Thursday October 12, 2023. The reasons why HRL stock down today include

  • Long-term forecast: Hormel's goal of adding $250 million in operating income by 2026, or a compound annual growth rate of 5% to 7%, seemed to fall short of investor expectations.
  • Deal with the union: Hormel had renegotiated its contract with the United Food and Commercial Workers International Union to give the largest wage increase in the company's history, at $3 to $6/hour, which seemed to cause HRL stock down today.
packaged_foods MKC
$72.50
price up icon 2.49%
packaged_foods SJM
$109.34
price up icon 3.92%
packaged_foods PPC
$47.00
price up icon 2.78%
packaged_foods CPB
$32.21
price up icon 4.63%
packaged_foods SFD
$23.68
price up icon 0.55%
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