Shares of ConAgra Foods (CAG) Sees Large Inflow of Net Money Flow

ConAgra Foods (CAG) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $23.91 million worth of transactions were on upticks, whereas, the downticks accounted for $14.84 million worth of transactions. The net money flow was a positive $9.07 million and the uptick to downtick ratio was 1.61. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 6.32 in their favor. The net money flow into the stock was $7.13 million. The value of block trades done on downticks was only $1.34 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $8.47 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ConAgra Foods (CAG) was trading at $46.02, down $0.59 during day. The stock slid -1.27% over the previous days close. For the week, the stock recorded -0.04% over the previous weeks close.


The company Insiders own 0.58% of ConAgra Foods shares according to the proxy statements. Institutional Investors own 75.65% of ConAgra Foods shares.

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

ConAgra Foods (NYSE:CAG): The stock opened at $46.17 and touched an intraday high of $46.77 on Friday. During the day, the stock corrected to an intraday low of $46.13, however, the bulls stepped in and pushed the price higher to close in the green at $46.64 with a gain of 1.35% for the day. The total traded volume for the day was 1,565,839. The stock had closed at $46.02 in the previous trading session.

ConAgra Foods (CAG) : Traders are bullish on ConAgra Foods (CAG) as it has outperformed the S&P 500 by a wide margin of 0.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.79%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.3% in the last 1 week, and is up 0.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *