Hormel Foods Corp. stock outperforms market despite losses on the day


Shares of Hormel Foods Corp. HRL, -0.21% shed 0.21% to $38.25 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.61% falling 0.61% to 4,179.83 and Dow Jones Industrial Average DJIA, -0.41% falling 0.41% to 32,908.27.

This was the stock’s second consecutive day of losses.

Hormel Foods Corp. closed $13.44 below its 52-week high ($51.69), which the company achieved on August 26th.

Trading volume (6.8 M) eclipsed its 50-day average volume of 2.2 M.