Looking at the actions of the past week, there are obviously a couple of larger sellers out there.
Who know their motivations?? I think the majority of the people viewing HRL would think they are mad but we never know the situation that has led to this. Maybe didnt expect to get sub-underwritten stock, who knows...
From view is they have seen their is some interest building and a pulling back a little on the sell side hoping to get a higher price.. So I think we will see a bit of volume come out the coming weeks as these guys are cleared but then it should be some clear skies..
Then it comes down to Steve delivering on those acquisition synergies and the quarterly earnings that demands a re-rating of the stock.. Good luck to the holders.
DYOR.
HRL Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
