Shares of Hormel Foods Corp. /zigman2/quotes/209170265/composite HRL +0.02% dropped 0.90% to $48.28 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.42% falling 0.18% to 4,219.55 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.44% falling 0.44% to 34,447.14. This was the stock's fourth consecutive day of losses. Hormel Foods Corp. closed $4.69 short of its 52-week high ($52.97), which the company reached on August 24th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Tyson Foods Inc. Cl A /zigman2/quotes/201117502/composite TSN +0.43% fell 1.17% to $77.40, Conagra Brands Inc. /zigman2/quotes/200394144/composite CAG -0.36% fell 3.02% to $37.31, and JBS S/A ADR /zigman2/quotes/202071443/composite JBSAY +0.48% rose 0.17% to $11.71. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.1 M.