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 $3.95 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 $2.77 million.
Morgan Stanley initiated its Conagra Brands Inc [CAG] rating to an Equal-weight in a research note published on March 24, 2025; the price target was $27. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Goldman began covering CAG with “Buy” recommendation on August 12, 2024. Citigroup started covering the stock on February 01, 2024. It rated CAG as “a Neutral”.
Price Performance Review of CAG
On Friday, Conagra Brands Inc [NYSE:CAG] saw its stock fall -1.89% to $24.45. Over the last five days, the stock has lost -3.47%. Conagra Brands Inc shares have fallen nearly -11.89% since the year began. Nevertheless, the stocks have fallen -21.81% over the past one year. While a 52-week high of $33.24 was reached on 03/10/25, a 52-week low of $23.06 was recorded on 02/18/25. SMA at 50 days reached $25.75, while 200 days put it at $28.10.
Levels Of Support And Resistance For CAG Stock
The 24-hour chart illustrates a support level at 24.09, which if violated will result in even more drops to 23.72. On the upside, there is a resistance level at 24.97. A further resistance level may holdings at 25.48. The Relative Strength Index (RSI) on the 14-day chart is 37.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.22%. Stochastics %K at 14.37% 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 2025-04-15, dropping by -5.55 million shares to a total of 14.21 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 19.76 million shares. There was a decline of -39.04%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 12, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $31 price target.
