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. Guiding for disappointment That morning, Conagra made a presentation at the annual Consumer Analyst Group conference. Ahead of the event, it offered a sne ...