Shares of Hormel Foods Corp. HRL shed 0.51% to $49.01 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.21% to 4,188.13 and Dow Jones Industrial Average DJIA falling 0.24% to 34,312.46. This was the stock's second consecutive day of losses. Hormel Foods Corp. closed $3.96 below its 52-week high ($52.97), which the company achieved on August 24th.
The stock underperformed when compared to some of its competitors Tuesday, as Tyson Foods Inc. Cl A TSN fell 0.43% to $80.21, Conagra Brands Inc. CAG fell 0.31% to $38.11, and JBS S/A ADR JBSAY rose 0.93% to $11.38. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.0 M.