Whole Foods Market (NASDAQ:WFM) has tumbled 10.9% during the past week and has dropped 3.01% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 9.83%. Whole Foods Market (NASDAQ:WFM) has underperformed the index by 3.9% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Whole Foods Market (NASDAQ:WFM): The stock opened at $30.85 on Friday but the bulls could not build on the opening and the stock topped out at $30.86 for the day. The stock traded down to $30.45 during the day, due to lack of any buying support eventually closed down at $30.57 with a loss of -0.81% for the day. The stock had closed at $30.82 on the previous day. The total traded volume was 6,707,894 shares.
The company shares have dropped -25.35% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $41.97 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $31.60 and the 200 Day Moving Average price is recorded at $31.40.
On the companys insider trading activities,The director of Whole Foods Market Inc, Siegel Morris J sold 6,190 shares at $32.32 on May 25, 2016. The Insider selling transaction had a total value worth of $200,061. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Northcoast Research downgrades the rating on Whole Foods Market (NASDAQ:WFM). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 15, 2016. Currently the company Insiders own 1.09% of Whole Foods Market shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.16% . Institutional Investors own 83.8% of Whole Foods Market shares. During last six month period, the net percent change held by insiders has seen a change of -13.34%.
Whole Foods Market, Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment, natural and organic foods supermarkets. As of September 29, 2013, Whole Foods Market operated 362 stores in the United States, Canada, and the United Kingdom. The Companys offices are supported by its headquarters, regional offices, distribution centers, bakehouse facilities, commissary kitchens, seafood-processing facilities, meat and produce procurement centers, and a specialty coffee and tea procurement and roasting operation. The Companys product selection includes grocery, meat, seafood, bakery, prepared foods and catering, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, and lifestyle products including books, pet products, and household products. The Companys 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.