ConAgra Foods (CAG) : Traders are bullish on ConAgra Foods (CAG) as it has outperformed the S&P 500 by a wide margin of 0.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.3% in the last 1 week, and is up 0.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.51% and the 50-Day Moving Average is 0.53%.The 200 Day SMA reached 6.79%. ConAgra Foods, Inc. is up 1.28% in the last 3-month period. Year-to-Date the stock performance stands at 12.56%.
ConAgra Foods (NYSE:CAG): After opening at $46.17, the stock dipped to an intraday low of $46.13 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.77 and the buying power remained strong till the end. The stock closed at $46.64 for the day, a gain of 1.35% for the day session. The total traded volume was 1,565,839. The stocks close on the previous trading day was $46.02.
ConAgra Foods, Inc. operates as a packaged food company. The Company offers branded and private branded food to households, as well as commercial food, which serve various restaurants and foodservice operations. Its brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunts, Marie Callenders, Orville Redenbachers, PAM, Peter Pan, Reddi-wip, Slim Jim and Snack Pack, among others. The Company sells its products under private brand labels in grocery, convenience, mass merchandise, club and drug stores. The Company also supplies frozen potato and sweet potato products, as well as other vegetable, spice, bakery and grain products to restaurants, commercial and foodservice customers. It operates in three segments: Consumer Foods, Commercial Foods and Private Brands. It has international manufacturing facilities in Argentina, Canada and Mexico, and interests in ownership of international manufacturing facilities in India and Mexico.