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Conagra Brands Inc [CAG] EVP & COO makes an insider sale of 40,000 shares worth $1.21 million.

Conagra Brands Inc’s recent filing unveils 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 $4.47 million.

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 $3.13 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 Friday, Conagra Brands Inc [NYSE:CAG] saw its stock jump 0.40% to $27.66. Over the last five days, the stock has gained 3.17%. Conagra Brands Inc shares have fallen nearly -3.49% since the year began. Nevertheless, the stocks have fallen -2.78% 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 $28.10, while 200 days put it at $29.67.

Levels Of Support And Resistance For CAG Stock

The 24-hour chart illustrates a support level at 27.40, which if violated will result in even more drops to 27.14. On the upside, there is a resistance level at 27.83. A further resistance level may holdings at 27.99. The Relative Strength Index (RSI) on the 14-day chart is 49.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.09%. Stochastics %K at 60.51% 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 2024-11-29, dropping by -0.59 million shares to a total of 13.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.61 million shares. There was a decline of -4.52%, 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.

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