Large Outflow of Money Witnessed in ConAgra Foods

ConAgra Foods (CAG) : Fridays money flow analysis of ConAgra Foods (CAG) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $29.06 million. In comparison, the inflow of money on upticks was a meager $20.17 million. The dollar value of composite uptick trades minus the downtick trades was negative $8.89 million. The uptick to downtick ratio of 0.69 in the money flow shows weakness. The uptick block trades were valued at $11.86 million. The downtick transaction value was high at $18.36 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.65. Hence, the net money flow in the stock was negative ($6.49 million). ConAgra Foods (CAG) gained $0.32 at $47.32, a change of 0.68% over the previous days close.


ConAgra Foods (CAG) : The most positive equity analysts on ConAgra Foods (CAG) expects the shares to touch $55, whereas, the least positive believes that the stock will trade at $48 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $51.71 with an expected fluctuation of $2.21 from the mean.

ConAgra Foods (NYSE:CAG): stock turned positive on Friday. Though the stock opened at $47.03, the bulls momentum made the stock top out at $47.38 level for the day. The stock recorded a low of $46.95 and closed the trading day at $47.32, in the green by 0.68%. The total traded volume for the day was 2,369,194. The stock had closed at $47 in the previous days trading.

In a related news,The officer (SVP, Corporate Controller) of Conagra Foods Inc /De/, Wise Robert G sold 15,708 shares at $47.9 on July 15, 2016. The Insider selling transaction had a total value worth of $752,413. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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