Shares of Hormel Foods Corp. HRL slumped 0.51% to $49.18 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.08% to 4,226.52 and Dow Jones Industrial Average DJIA falling 0.36% to 34,630.24. This was the stock's second consecutive day of losses. Hormel Foods Corp. closed $3.79 short of its 52-week high ($52.97), which the company achieved on August 24th.
The stock underperformed when compared to some of its competitors Monday, as Tyson Foods Inc. Cl A TSN fell 0.41% to $78.33, Conagra Brands Inc. CAG fell 0.33% to $38.79, and JBS S/A ADR JBSAY rose 0.34% to $11.86. Trading volume (1.5 M) remained 632,506 below its 50-day average volume of 2.1 M.