Why Conagra Brands Stock Sank Today
Conagra Brands (NYSE: CAG), the packaged food company behind such mainstay supermarket brands as Birds Eye and Blue Bonnet, saw its share price slide on Tuesday after publishing a business update. The company reiterated its existing guidance for annual results, and investors showed their displeasure by trading the stock down by more than 4% on the day.
That morning, Conagra made a presentation at the annual Consumer Analyst Group conference. Ahead of the event, it offered a sneak preview, briefly addressing guidance.
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Source Fool.com
