Trade-Ideas: ConAgra Foods (CAG) Is Today's New Lifetime High Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified ConAgra Foods ( CAG) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified ConAgra Foods as such a stock due to the following factors:

  • CAG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $85.8 million.
  • CAG has traded 72,047 shares today.
  • CAG is trading at a new lifetime high.

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More details on CAG:

ConAgra Foods, Inc. operates as a food company primarily in North America. The company operates through three segments: Consumer Foods, Commercial Foods, and Private Brands. The stock currently has a dividend yield of 2.6%. Currently there are 2 analysts that rate ConAgra Foods a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for ConAgra Foods has been 2.5 million shares per day over the past 30 days. ConAgra has a market cap of $16.5 billion and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.46 and a short float of 1.7% with 3.28 days to cover. Shares are up 7.2% year-to-date as of the close of trading on Wednesday.

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