CAG
$15.16-0.24 (-1.56%)
Conagra Brands, Inc., together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States.
Recent News
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Is Conagra Brands Stock Underperforming the Nasdaq?
Conagra Brands has lagged behind the Nasdaq Composite's gains over the past year, and analysts remain unsure about the stock’s future.
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General Mills Reaffirms Continued Sales Slump After Earnings Miss. The Stock Falls.
General Mills stock ticked lower after the cereal maker reported uneven performance across key metrics in its latest quarter and reaffirmed the guidance it provided earlier this year. The owner of the Pillsbury and Cheerios brands logged adjusted earnings of 64 cents a share in the fiscal third quarter, missing analysts’ calls for 73 cents. Net sales including the impact of divestitures and acquisitions fell 8% to $4.44 billion, edging past consensus calls for $4.41 billion.
After Plunging 18.9% in 4 Weeks, Here's Why the Trend Might Reverse for Conagra Brands (CAG)
The heavy selling pressure might have exhausted for Conagra Brands (CAG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.