Hormel Foods Surges 0.64 as $220M Volume Jumps 134% to Rank 462nd in Market Activity

On August 15, 2025, Hormel Foods (HRL) rose 0.64% to $28.38, with a trading volume of $220 million—a 134.61% surge from the previous day. The stock ranked 462nd in market activity. Recent developments include the appointment of Jeffrey Ettinger as interim CEO and John Ghingo as president, following the retirement of James Snee. These leadership changes aim to stabilize operations during a period of strategic transition.

Goldman Sachs initiated coverage of HRL with a "Buy" rating and a $35 price target, citing long-term growth potential. Meanwhile, Piper Sandler maintained a "Neutral" stance with a $33 target. Analysts highlighted Hormel’s strong brand portfolio and resilience in premium segments like Applegate and Mexican foods, though inflation and supply chain challenges remain headwinds.

The company also announced the nationwide rollout of SPAM® Sushi, leveraging its iconic brand to tap into trending food categories. This move underscores Hormel’s focus on innovation to drive consumer engagement in a competitive market.

A backtest of a strategy buying top 500 stocks by daily volume and holding for one day from 2022 yielded total profits of $10,720, with cumulative returns of 1.08 times the initial investment. The approach underscores trading volume as a key indicator for identifying active stocks.