ConAgra Foods (CAG) Shares Slide -1.18%

ConAgra Foods (CAG) : During the past 4 weeks, traders have been relatively bearish on ConAgra Foods (CAG), hence the stock is down -6.51% 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 -1.12% relative to the S&P 500. The 4-week change in the price of the stock is -3.37% and the stock has fallen -1.18% in the past 1 week.

The stock has recorded a 20-day Moving Average of 1.24% and the 50-Day Moving Average is 0.45%. ConAgra Foods, Inc. is up 5.5% in the last 3-month period. Year-to-Date the stock performance stands at 12.85%.


ConAgra Foods (NYSE:CAG): stock turned positive on Friday. Though the stock opened at $46.39, the bulls momentum made the stock top out at $47.04 level for the day. The stock recorded a low of $46.33 and closed the trading day at $46.76, in the green by 0.75%. The total traded volume for the day was 2,372,827. The stock had closed at $46.41 in the previous days trading.

Also, Jefferies maintains its view on ConAgra Foods (NYSE:CAG) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Jefferies raises the price target from $55 per share to $56 per share on ConAgra Foods . The rating by the firm was issued on July 27, 2016.

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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