30.71
price up icon1.02%   0.31
pre-market  Vorhandelsmarkt:  30.71  
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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
$75.74
price up icon 1.43%
packaged_foods PPC
$54.52
price up icon 1.64%
packaged_foods SJM
$117.73
price up icon 1.58%
packaged_foods CAG
$25.48
price up icon 0.35%
packaged_foods CPB
$37.88
price up icon 0.83%
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