ConAgra Brands, Inc. stock trades under the ticker CAG & has shown recent bullishness that traders & investors should research further intol.
CAG stock closed at $33.89/share on 10/11/2022.
ConAgra Brands, Inc. CAG Stock’s Technical Performance Broken Down
CAG Stock Price: $33.89
10 Day Moving Average: $33.29
50 Day Moving Average: $34.23
200 Day Moving Average: $33.72
RSI: 51.3
MACD: -0.246
Yesterday, CAG stock completed a bullish MACD crossover, breaking & closing above its 10 day moving average.
Recent trading volumes have been average compared to the year prior & their RSI is neutral, signaling that there may still be more momentum to come in the near-term for CAG.
They have support at the $33.84 & $33.45/share price levels, as they try to break above the $34.98 & $35.54/share resistance levels.
ConAgra Brands, Inc. CAG Stock As A Long-Term Investment
Long-term investors will like CAG stock’s valuation metrics, with a 27.61 P/E (ttm) & a 1.85 P/B (mrq).
They recently reported 9.5% Quarterly Revenue Growth Y-o-Y.
Their balance sheet will require a more thorough examination before making an investment, with $67.4M of Total Cash (mrq) & $9.04B of Total Debt (mrq).
CAG stock pays a 3.78% dividend, which may not be sustainable in the long-run, as their payout ratio is negative.
86.1% of CAG stock’s outstanding share float is owned by institutional investors.
ConAgra Brands, Inc. CAG Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from CAG stock’s price movements, while also protecting their portfolios from volatility.
I am looking at the contracts with the 10/21 expiration date.
The $33, $32 & $31 call options are all in-the-money, listed from highest to lowest level of open interest.
The $34, $35 & $36 puts are also all in-the-money, with the former being more liquid than the latter.
Tying It All Together
CAG stock has many unique attributes that traders & investors will find appealing.
Investors will like their dividend yield (should it remain sustainable), as well as their valuation metrics, but may want to do more research into the structure of their balance sheet before investing.
Traders will like their current technical set up, as well as the liquidity of their options.
All-in-all, CAG stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CAG STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***