Conagra Brands Inc’s filing revealed that 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 $4.3 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 $3.01 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 -0.34% to $26.61. Over the last five days, the stock has lost -4.07%. Conagra Brands Inc shares have fallen nearly -7.15% since the year began. Nevertheless, the stocks have fallen -5.24% over the past one year. While a 52-week high of $33.24 was reached on 09/10/24, a 52-week low of $26.21 was recorded on 11/15/24. SMA at 50 days reached $30.07, 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 26.44, which if violated will result in even more drops to 26.26. On the upside, there is a resistance level at 26.91. A further resistance level may holdings at 27.20. The Relative Strength Index (RSI) on the 14-day chart is 20.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.69%. Stochastics %K at 8.85% 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 2024-10-31, dropping by -4.29 million shares to a total of 13.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 17.91 million shares. There was a decline of -31.54%, 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.
