Conagra Brands (CAG) Stock Faces S&P 500 Exit As New Products Hit Shelves

Conagra Brands (NYSE:CAG) was removed from the S&P 500 and related indices, with the change tied to index rebalancing. The company was simultaneously added to smaller cap indices, changing how some index-tracking funds may hold the stock. Conagra also rolled out a wide range of new branded food products across its portfolio. Conagra Brands now sits outside the S&P 500 at a share price of $14.34, with the stock down 17.1% year to date and down 25.8% over the past year. Over shorter periods,...