Shares of ConAgra Foods (NYSE:CAG) Sees Large Outflow of Money

ConAgra Foods (NYSE:CAG) : The total negative money flow of $8.64 million on Wednesday indicates selling on strength. The inflow of money on upticks was $47.01 million, compared to $55.64 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.84. The negative money flow of $7.42 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $13.31 million in a block trade.The transaction value of block trade on downtick was $20.72 million. The uptick to downtick ratio was 0.64. The price action in the ConAgra Foods (NYSE:CAG) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $47.25 with a gain of $0.15 , a change of 0.32% over the previous days close. The stock registered 0.64% for the week.


In an insider trading activity,The officer (SVP, Treasurer&Asst. Secretary) of Conagra Foods Inc /De/, Messel Scott E sold 22,992 shares at $46.3 on April 11, 2016. The Insider selling transaction had a total value worth of $1,064,530. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 0.66% of ConAgra Foods shares according to the proxy statements. Institutional Investors own 76.27% of ConAgra Foods shares.

The company shares have rallied 5.61% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $47.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.15 and the 200 Day Moving Average price is recorded at $43.51. ConAgra Foods (NYSE:CAG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.94 and $46.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.60, notching a gain of 1.06% for the day. The total traded volume was 6,867,401 . The stock had closed at $47.10 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.