ConAgra Foods (CAG) has risen sharply, recording gains of 2.37% in the past 4 weeks. However, the stock has corrected -0.66% in the past 1 week, providing a good buying opportunity on dips. ConAgra Foods (CAG) : During the past 4 weeks, traders have been relatively bearish on ConAgra Foods (CAG), hence the stock is down -1.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.13% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 3.28%.
ConAgra Foods (NYSE:CAG): The stock opened at $48.19 on Friday but the bulls could not build on the opening and the stock topped out at $48.29 for the day. The stock traded down to $47.84 during the day, due to lack of any buying support eventually closed down at $47.98 with a loss of -0.25% for the day. The stock had closed at $48.10 on the previous day. The total traded volume was 2,395,197 shares.
The company Insiders own 0.66% of ConAgra Foods shares according to the proxy statements. Institutional Investors own 76.17% of ConAgra Foods shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Conagra Foods Inc /De/, Johri Rajive had sold 15,000 shares worth of $712,950 in a transaction dated July 6, 2016. In this transaction, 15,000 shares were sold at $47.53 per share.
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.