Conagra Brands, Inc. (CAG) had a light trading with around 1.83M shares changing hands compared to its three month average trading volume of 3.17M. The stock traded between $39.52 and $39.9 before closing at the price of $39.79 with 0.08% change on the day. The Omaha Nebraska 68102 based company is currently trading 26.9% above its 52 week low of $32.03 and -0.52% below its 52 week high of $40. Both the RSI indicator and target price of 68.13 and $41.33 respectively, lead us to believe that it should be put on hold over the coming weeks.
Conagra Brands, Inc., together with its subsidiaries, operates as a food company in North America. It operates through five segments: Grocery & Snacks, Refrigerated & Frozen, International, Foodservice, and Commercial. The Grocery & Snacks segment primarily provides branded, shelf-stable food products in various retail channels in the United States. The Refrigerated & Frozen segment offers branded, temperature controlled food products in various retail channels in the United States. The International segment primarily provides branded food products, in various temperature states, in retail and foodservice channels outside of the United States. The Foodservice segment offers branded and customized food products, such as meals, entrees, prepared potatoes, sauces, and various custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Commercial segment offers commercially branded and private label food and ingredients primarily to commercial, restaurant, foodservice, food manufacturing, and industrial customers. The company markets its products primarily under the Healthy Choice, Hunt’s, Slim Jim, Reddi-wip, Alexia, Blake’s, Frontera, Bertolli, P.F. Chang’s, and Marie Callender’s brands. The company was formerly known as ConAgra Foods, Inc. and changed its name to Conagra Brands, Inc. in November 2016. Conagra Brands, Inc. was founded in 1919 and is headquartered in Chicago, Illinois.
Activision Blizzard, Inc. (ATVI) continued its downward trend with the stock declining -1.58% or $-0.72 to close the day at $44.98 on light trading volume of 15.3M shares, compared to its three month average trading volume of 9.08M. The Santa Monica California 90405 based company has been outperforming the multimedia & graphics software group over the past 52 weeks, with the stock gaining 54.13%, compared to the industry which has advanced 49.08% over the same period. With RSI of 69.96, the stock should still continue to rise and get closer to its one year target estimate of $48.1, making it a hold for now.
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through two segments, Activision Publishing, Inc. and Blizzard Entertainment, Inc. The company develops, publishes, and sells interactive software products and content through retail channels or digital downloads; and downloadable content to a range of gamers. It also publishes subscription-based massively multiplayer online role-playing games; and strategy and role-playing games. In addition, the company maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games. Further, it engages in creating original film and television content; and provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution, licensing arrangements, and direct digital purchases in the United States, Canada, Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, the Netherlands, Australia, South Korea, China, and internationally. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
Monster Beverage Corporation (MNST) shares were down in last trading by -0.09% to $43.38. It experienced lighter than average volume on day. The stock increased in value by almost 0.7% over the past week and fell -2.54% in the past month. It is currently trading -1.36% below its 50 day moving average and -10.54% below its 200 day moving average. Following the recent decrease in price, the stock’s new closing price represents a -21.84% decrease in value from its one year high of $55.5. The RSI indicator value of 50.4, lead us to believe that it is a hold for now.
Monster Beverage Corporation, through its subsidiaries, develops, markets, sells, and distributes energy drink beverages and its concentrates in the United States and internationally. It operates through three segments: Finished Products, Concentrate, and Other. The company provides carbonated energy, and non-carbonated dairy based coffee and energy drinks to full service beverage distributors, retail grocery and specialty chains, wholesalers, club stores, drug chains, mass merchandisers, convenience chains, health food distributors, food service customers, and the military; and concentrates and/or beverage bases to authorized bottling and canning operations. Monster Beverage Corporation sells its products under the Monster Energy, Nalu, Monster Rehab, NOS, Monster Energy Extra Strength Nitrous Technology, Full Throttle, Java Monster, Burn, Muscle Monster, Mother, Mega Monster Energy, Ultra, Punch Monster, Play and Power Play, Juice Monster, Gladiator, M3, Relentless, Übermonster, Samurai, BU, and BPM brands. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is headquartered in Corona, California.