ConAgra (CAG) Offering Possible 23.46% Return Over the Next 15 Calendar Days

ConAgra's most recent trend suggests a bearish bias. One trading opportunity on ConAgra is a Bear Call Spread using a strike $28.50 short call and a strike $33.50 long call offers a potential 23.46% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $33.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ConAgra is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for ConAgra is bearish.

The RSI indicator is at 22.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for ConAgra

Conagra Brands Announces Details Of Fiscal 2020 Third Quarter Earnings Release, Webcast And Conference Call
Tue, 03 Mar 2020 21:30:00 +0000
Conagra Brands, Inc. (NYSE: CAG) will host a webcast and conference call to review its fiscal 2020 third quarter results on Tuesday, March 31, 2020, at 9:30 a.m. ET. The company's news release will be issued at approximately 7:30 a.m. ET.

Coronavirus won't stop Beyond Meat from entering China in 2020: CEO Ethan Brown
Thu, 27 Feb 2020 21:05:45 +0000
Beyond Meat is heading to China.

Beyond Meat's restaurant, grocery tie-ups more than triple quarterly sales
Thu, 27 Feb 2020 21:05:00 +0000
Beyond Meat Inc said on Thursday it expects full-year sales to grow as much as 71%, after reporting that deals with retailers and restaurants helped to more than triple fourth-quarter sales and substantially narrowed its loss. The El Segundo, California-based company – whose Beyond Burgers and Sausages are driving a global craze for plant-based meat products – struck several high-profile deals last year with fast-food chains including McDonald's Corp and Dunkin' Brands Group Inc. As consumers grow increasingly health-conscious and concerned about the environmental impact of industrial animal farming, the plant-based meat market is expected to expand to $140 billion.

Starbucks adds Beyond Meat to its menu across 1,400 Canadian stores
Wed, 26 Feb 2020 08:10:44 +0000
The company said earlier this month to expect a plant-based patty in both the U.S. and Canada this year.

Conagra Brands Issues 2019 Update To Its Citizenship Report
Wed, 19 Feb 2020 12:30:00 +0000
Conagra Brands, Inc. (NYSE: CAG) today announced it has published its 2019 Citizenship Update Report (available online here), which provides a look at Conagra's recent progress against key social and environmental initiatives. The Report focuses on actions that support each of the 17 United Nations Sustainable Development Goals, which are designed to achieve a better and more sustainable future by addressing poverty, inequality, climate change, water scarcity and other global challenges. Because Conagra Brands acquired Pinnacle Foods in fiscal 2019 and is still integrating opportunities from the combined portfolio into our Corporate Social Responsibility program, the 2019 Report is a high-level overview on recent progress. Please see our full, GRI-compliant citizenship report, released in May 2019, for additional details on environmental, social and governance management practices across all our CSR pillars.

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