General Mills Down 5%

Shares of food company General Mills, Inc. (GIS) slipped 5 percent on Tuesday's morning trade. In pre-market, the stock was down 3 percent.

The stock was negatively impacted by the company announcing that it will reduce its full-year reported net sales growth by approximately 4.5 percent due to the net impact of divestitures, acquisitions, and foreign currency exchange. The company is also expected to reduce its adjusted earnings per share growth by 1 percent.

Currently at $82.69, the stock has traded between $61.67 and $88.34 during the past 52 weeks.

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