In a filing, Conagra Brands Inc revealed its EVP & COO McGough Thomas M unloaded Company’s shares for reported $1.21 million on Aug 13 ’24. In the deal valued at $30.29 per share,40,000 shares were sold. As a result of this transaction, McGough Thomas M now holds 161,443 shares worth roughly $5.25 million.
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Then, McGough Thomas M bought 40,000 shares, generating $1,211,583 in total proceeds.
Before that, Brock Charisse sold 15,444 shares. Conagra Brands Inc shares valued at $469,034 were divested by the EVP, Chief HR Officer at a price of $30.37 per share. As a result of the transaction, Brock Charisse now holds 113,254 shares, worth roughly $3.68 million.
Goldman initiated its Conagra Brands Inc [CAG] rating to a Buy in a research note published on August 12, 2024; the price target was $36. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Wells Fargo began covering CAG with “an Equal weight” recommendation on December 12, 2023. Evercore ISI revised its rating on December 11, 2023. It rated CAG as “an In-line” which previously was an “an Outperform”.
Price Performance Review of CAG
On Monday, Conagra Brands Inc [NYSE:CAG] saw its stock jump 0.15% to $32.52. Over the last five days, the stock has gained 0.65%. Conagra Brands Inc shares have risen nearly 13.47% since the year began. Nevertheless, the stocks have risen 18.51% over the past one year. While a 52-week high of $33.24 was reached on 09/10/24, a 52-week low of $25.16 was recorded on 02/14/24. SMA at 50 days reached $31.19, while 200 days put it at $29.73.
Levels Of Support And Resistance For CAG Stock
The 24-hour chart illustrates a support level at 32.29, which if violated will result in even more drops to 32.06. On the upside, there is a resistance level at 32.68. A further resistance level may holdings at 32.84. The Relative Strength Index (RSI) on the 14-day chart is 59.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.49%. Stochastics %K at 65.48% indicates the stock is a holding.
How much short interest is there in Conagra Brands Inc?
A steep rise in short interest was recorded in Conagra Brands Inc stocks on 2024-09-13, growing by 2.6 million shares to a total of 17.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.43 million shares. There was a rise of 15.26%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 13, 2023 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $32 price target.
