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Selling Buzz: Conagra Brands Inc [CAG] EVP, Chief HR Officer Brock Charisse sells 15,444 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Conagra Brands Inc shares valued at $469,034 were sold by Brock Charisse on May 23 ’24. At $30.37 per share, Brock Charisse sold 15,444 shares. The insider’s holdings dropped to 113,254 shares worth approximately $3.23 million following the completion of this transaction.

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Also, LENNY RICHARD H purchased 9,238 shares, netting a total of over 252,290 in proceeds. Following the buying of shares at $27.31 each, the insider now holds 165,205 shares.

Before that, McGough Thomas M had sold 75,522 shares from its account. In a trade valued at $2,497,513, the EVP & Co-COO traded Conagra Brands Inc shares for $33.07 each. Upon closing the transaction, the insider’s holdings decreased to 75,522 shares, worth approximately $4.48 million.

As published in their initiating research note from Citigroup on February 01, 2024, Conagra Brands Inc [CAG] has been a Neutral and the price target has been revised to $30. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 11, 2023, Evercore ISI has decreased its “an Outperform” rating to a “an In-line” for CAG. Earlier on September 13, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for CAG stock.

Analyzing CAG Stock Performance

During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, Conagra Brands Inc shares have dropped approximately -0.56%. Shares of the company reached a 52-week high of $31.82 on 04/25/24 and a 52-week low of $26.62 on 02/14/24. A 50-day SMA is recorded $30.17, while a 200-day SMA reached $28.86. Nevertheless, trading volume fell to 4.14 million shares from 4.19 million shares the previous day.

Support And Resistance Levels for Conagra Brands Inc (CAG)

According to the 24-hour chart, there is a support level at 28.37, which, if violated, would cause prices to drop to 28.24. In the upper region, resistance lies at 28.74. The next price resistance is at 28.97. RSI (Relative Strength Index) is 34.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 84.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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