Shares of Hormel Foods Corp. HRL, +0.86% inched 0.86% higher to $41.24 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.30% falling 1.30% to 4,300.46 and Dow Jones Industrial Average DJIA, -0.94% falling 0.94% to 34,002.92. The stock’s rise snapped a two-day losing streak. Hormel Foods Corp. closed $11.27 short of its 52-week high ($52.51), which the company reached on November 16th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Tyson Foods Inc. Cl A TSN, -0.29% fell 0.29% to $78.08, Conagra Brands Inc. CAG, +0.95% rose 0.95% to $34.02, and JBS S/A ADR JBSAY, +0.46% rose 0.46% to $13.54. Trading volume (2.2 M) eclipsed its 50-day average volume of 2.1 M.