General Mills, Inc. (NYSE:GIS) shares are trading higher by $1.70 (2.8 percent) at $57.75 in Thursday's session.
The stock began moving higher from the $56.00 area just after 10:00 a.m. EST, when there were rumors 3G Capital may be interested in acquiring the company.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Within an hour, the stock rallied all the way to $60.21, which represents its highest level since March 21 when it peaked at $60.75. Around 10:54 a.m., CNBC's David Faber reported that there was no truth to a report of a General Mills bid.
Trapped buyers attempted to exit the stock, knocking it down nearly $2.00 in a minute. It has continued to drift lower, but found intraday support at the $57.60 as of 11:50 a.m. EST.