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 $4.48 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $3.14 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 fall -2.46% to $27.74. Over the last five days, the stock has lost -3.58%. Conagra Brands Inc shares have fallen nearly -3.21% since the year began. Nevertheless, the stocks have fallen -0.72% over the past one year. While a 52-week high of $33.24 was reached on 09/10/24, a 52-week low of $26.62 was recorded on 02/14/24. SMA at 50 days reached $30.60, while 200 days put it at $29.79.
Levels Of Support And Resistance For CAG Stock
The 24-hour chart illustrates a support level at 27.46, which if violated will result in even more drops to 27.19. On the upside, there is a resistance level at 28.26. A further resistance level may holdings at 28.79. The Relative Strength Index (RSI) on the 14-day chart is 27.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.63%. Stochastics %K at 11.22% indicates the stock is a buying.
How much short interest is there in Conagra Brands Inc?
A steep rise in short interest was recorded in Conagra Brands Inc stocks on 2024-10-15, dropping by -3.87 million shares to a total of 13.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.03 million shares. There was a decline of -29.41%, which implies that there is a negative 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.
