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Hormel Foods saw a 160% jump in call options trading, yet its stock price slightly declined.
Hormel Foods saw a significant spike in call options trading on Tuesday, with 5,455 options purchased, a 160% jump from the average.
Despite this, the company's stock slightly fell to $30.04 during midday trading.
Hormel Foods, with a "Hold" rating and a $31.80 price target, is a major player in food products, operating in retail, foodservice, and international markets.
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Hormel Foods vio un salto del 160% en el comercio de opciones de llamada, sin embargo, su precio de las acciones disminuyó ligeramente.