Large Inflow of Money Detected in ConAgra Foods

ConAgra Foods (CAG) : The money flow analysis of ConAgra Foods (CAG) indicates a $14.15 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $25.3 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.79 and so was the total money flow at $11.15 million. A solid up-down ratio of 7.44 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $13.13 million worth of block trades on upticks. Only $1.77 million worth of the stock exchanged hands on downticks. The money flow was $11.36 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of ConAgra Foods (CAG), pushing it down by -0.47% for the day. The stock slid $0.22 and traded at $46.35 during the day. Nonetheless, the stock is 0.67% over the previous weeks close.


Also, In a research note released to the investors, Jefferies maintains its rating on ConAgra Foods (NYSE:CAG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Jefferies raises the new price target from $55 per share to $56 per share. The rating by the firm was issued on July 27, 2016.

Shares of ConAgra Foods, Inc. appreciated by 0.17% during the last five trading days but lost 1.24% on a 4-week basis. ConAgra Foods, Inc. is up 1.92% in the last 3-month period. Year-to-Date the stock performance stands at 11.81%.

ConAgra Foods (NYSE:CAG): The stock opened at $46.51 on Tuesday but the bulls could not build on the opening and the stock topped out at $46.51 for the day. The stock traded down to $46.14 during the day, due to lack of any buying support eventually closed down at $46.33 with a loss of -0.52% for the day. The stock had closed at $46.57 on the previous day. The total traded volume was 2,644,815 shares.

In a related news, The Securities and Exchange Commission has divulged that Wise Robert G, officer (SVP, Corporate Controller) of Conagra Foods Inc /De/, had unloaded 15,708 shares at an average price of $47.9 in a transaction dated on July 15, 2016. The total value of the transaction was worth $752,413.

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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