Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Conagra Brands Inc shares valued at $1,211,600 were sold by McGough Thomas M on Aug 13 ’24. At $30.29 per share, McGough Thomas M sold 40,000 shares. The insider’s holdings dropped to 161,443 shares worth approximately $4.18 million following the completion of this transaction.
Also, McGough Thomas M purchased 40,000 shares, netting a total of over 1,211,583 in proceeds.
Before that, Brock Charisse had sold 15,444 shares from its account. In a trade valued at $469,034, the EVP, Chief HR Officer traded Conagra Brands Inc shares for $30.37 each. Upon closing the transaction, the insider’s holdings decreased to 15,444 shares, worth approximately $2.93 million.
As published in a research note from Goldman on February 24, 2025, Conagra Brands Inc [CAG] has been rated down from a Buy to a Neutral and the price target has been revised to $26 from $33. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in mid August. As of February 01, 2024, Citigroup has initiated its “Neutral” rating for CAG. Earlier on December 12, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for CAG stock.
Analyzing CAG Stock Performance
During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Conagra Brands Inc shares have dropped approximately -6.67%. Shares of the company reached a 52-week high of $28.51 on 03/10/25 and a 52-week low of $23.06 on 02/18/25. A 50-day SMA is recorded $25.67, while a 200-day SMA reached $28.48.
Support And Resistance Levels for Conagra Brands Inc (CAG)
According to the 24-hour chart, there is a support level at 25.70, which, if violated, would cause prices to drop to 25.51. In the upper region, resistance lies at 26.06. The next price resistance is at 26.22. RSI (Relative Strength Index) is 50.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 78.18%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
