Shares of Whole Foods Market (NASDAQ:WFM) Sees Large Inflow of Net Money Flow

Whole Foods Market (NASDAQ:WFM) witnessed a selling pressure and the shares last traded with a loss of -0.47 points or -1.35% at $34.31. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $6.2 million with an inflow of $24.93 million in upticks and an outflow of $18.73 million in downticks. Using the data, the up/down ratio is found to be 1.33. The share price has recorded 0.7% on a weekly basis.A block trade of $9.1 million in uptick and $1.82 million in downtick was also observed, resulting in an up/down ratio of 5.01. The net money flow of the block trade stood at a $7.28, signaling heavy buying.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Whole Foods Market Inc, Siegel Morris J had sold 6,190 shares worth of $200,061 in a transaction dated May 25, 2016. In this transaction, 6,190 shares were sold at $32.32 per share.

Whole Foods Market (NASDAQ:WFM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.82 points or 2.39% at $33.49 with 6,321,455 shares getting traded. Post opening the session at $34.23, the shares hit an intraday low of $33.45 and an intraday high of $34.3 and the price was in this range throughout the day. The company has a market cap of $10,751 million and the number of outstanding shares have been calculated to be 321,027,210 shares. The 52-week high of Whole Foods Market (NASDAQ:WFM) is $41.97 and the 52-week low is $28.065.

Many analysts have stated their opinion on the company shares. Brokerage firm Credit Suisse upgrades its rating on Whole Foods Market (NASDAQ:WFM). As per the latest information, the brokerage house raises the price target to $40 per share from a prior target of $30. The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 1, 2016.

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.

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