Is Conagra Brands Inc (CAG) Stock About to Get Hot Friday?

Conagra Brands Inc (CAG) stock is higher by 3.38% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Conagra Brands Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CAG!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CAG Stock Today?

Conagra Brands Inc (CAG) stock is up 0.23% while the S&P 500 is down -1.11% as of 10:14 AM on Friday, Jan 21. CAG is up $0.08 from the previous closing price of $35.45 on volume of 486,534 shares. Over the past year the S&P 500 is higher by 15.08% while CAG is up 5.24%. CAG earned $2.28 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 15.6. To see InvestorsObserver's Sentiment Score for Conagra Brands Inc click here.

More About Conagra Brands Inc

Conagra Brands is a packaged food company that operates predominantly in the United States (over 90% of revenue and profits). It has a significant presence in the freezer aisle, with brands such as Marie Callender's, Healthy Choice, Banquet, and Birds Eye. Other popular brands include Duncan Hines, Hunt's, Slim Jim, Vlasic, Orville Redenbacher's, Reddi-Wip, Wish-Bone and Chef Boyardee. While the majority of revenue is sold into the U.S. retail channel, 7% of fiscal 2021 sales were to the food-service channel, down from 11% in fiscal 2019 due to the pandemic. Click Here to get the full Stock Report for Conagra Brands Inc stock.