In a filing, Conagra Brands Inc revealed its EVP, Chief HR Officer Brock Charisse unloaded Company’s shares for reported $0.47 million on May 23 ’24. In the deal valued at $30.37 per share,15,444 shares were sold. As a result of this transaction, Brock Charisse now holds 113,254 shares worth roughly $3.38 million.
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Then, LENNY RICHARD H bought 9,238 shares, generating $252,290 in total proceeds. Upon buying the shares at $27.31, the Director now owns 165,205 shares.
Before that, McGough Thomas M sold 75,522 shares. Conagra Brands Inc shares valued at $2,497,513 were divested by the EVP & Co-COO at a price of $33.07 per share. As a result of the transaction, McGough Thomas M now holds 157,125 shares, worth roughly $4.69 million.
Citigroup initiated its Conagra Brands Inc [CAG] rating to a Neutral in a research note published on February 01, 2024; the price target was $30. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid December with a ‘”an Equal weight”‘ rating. Evercore ISI also remained covering CAG and has decreased its forecast on December 11, 2023 with a “an In-line” recommendation from previously “an Outperform” rating. TD Cowen started covering the stock on September 13, 2023. It rated CAG as “a Market perform”.
Price Performance Review of CAG
On Friday, Conagra Brands Inc [NYSE:CAG] saw its stock jump 2.47% to $29.88. Over the last five days, the stock has lost -1.84%. Conagra Brands Inc shares have risen nearly 4.26% since the year began. Nevertheless, the stocks have fallen -14.31% over the past one year. While a 52-week high of $35.60 was reached on 04/25/24, a 52-week low of $25.16 was recorded on 02/14/24. SMA at 50 days reached $30.35, while 200 days put it at $28.91. A total of 6.33 million shares were traded, compared to the trading of 3.9 million shares in the previous session.
Levels Of Support And Resistance For CAG Stock
The 24-hour chart illustrates a support level at 29.37, which if violated will result in even more drops to 28.86. On the upside, there is a resistance level at 30.14. A further resistance level may holdings at 30.39. The Relative Strength Index (RSI) on the 14-day chart is 44.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.91%. Stochastics %K at 17.48% indicates the stock is a buying.
