Large Inflow of Money Detected in ConAgra Foods

ConAgra Foods (CAG) : The money flow analysis of ConAgra Foods (CAG) indicates a $10.62 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $17.4 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.64 and so was the total money flow at $6.78 million. The bulls lapped up $6.05 million worth of block trades on upticks. The money flow was $6.05 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 -0.17% for the day. The stock slid $0.08 and traded at $48.1 during the day. Nonetheless, the stock is -0.41% over the previous weeks close.


The stock has recorded a 20-day Moving Average of 1.23% and the 50-Day Moving Average is 3.71%. Shares have rallied 7.58% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $48.81 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $46.76 and the 200 Day Moving Average price is recorded at $43.94.

ConAgra Foods (NYSE:CAG): The stock opened at $48.18 on Thursday but the bulls could not build on the opening and the stock topped out at $48.36 for the day. The stock traded down to $48.02 during the day, due to lack of any buying support eventually closed down at $48.10 with a loss of -0.17% for the day. The stock had closed at $48.18 on the previous day. The total traded volume was 1,782,970 shares.

In an insider trading activity, Johri Rajive, director of Conagra Foods Inc /De/, unloaded 15,000 shares at an average price of $47.53 on July 6, 2016. The total amount of the transaction was worth $712,950, according to the disclosed information 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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