Insider Selling at ConAgra Brands (CAG) Continues with Significant Sale
10:20 PM EDT, 05/10/2021 (MT Newswires) -- There was a significant insider sale of ConAgra Brands shares today, as indicated in a filing with the SEC as -- Jana Partners Llc, Director -- sold 2,811,853 shares in the company having a market value of approximately $105,725,673 There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 20,931 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,832,784 shares and have averaged 944,261 shares per transaction over this time period.
During the last 90 days, the number of insider buy/sell trades at ConAgra Brands is greater than the 45-company peer group average. Food Processing peer group saw 59 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for ConAgra Brands insiders was also higher. Within the peer group there were 330,341 shares purchased and 4,448,295 shares sold with company insiders disposing of 69,796 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in evaluating and writing this story.
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