Sprouts Farmers Market (SFM) has risen sharply, recording gains of 2.52% in the past 4 weeks. However, the stock has corrected -3.26% in the past 1 week, providing a good buying opportunity on dips. Sprouts Farmers Market (SFM) : During the past 4 weeks, traders have been relatively bearish on Sprouts Farmers Market (SFM), hence the stock is down -1.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.68% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 3.33%.
Sprouts Farmers Market (NASDAQ:SFM): The stock opened at $23.57 on Friday but the bulls could not build on the opening and the stock topped out at $23.77 for the day. The stock traded down to $23.15 during the day, due to lack of any buying support eventually closed down at $23.17 with a loss of -2.28% for the day. The stock had closed at $23.71 on the previous day. The total traded volume was 1,927,905 shares.
The company Insiders own 2.6% of Sprouts Farmers Market shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 53.98% . Institutional Investors own 89.33% of Sprouts Farmers Market shares. During last six month period, the net percent change held by insiders has seen a change of -1.72%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Sprouts Farmers Market, Inc., Lukow Bradley, had purchased 10,000 shares in a transaction dated on May 26, 2016. The transaction was executed at $25.15 per share with total amount equaling $251,500.
Sprouts Farmers Market, Inc. is a food retailer. The Company operates as a grocery store that offers natural and organic food, including produce, bulk foods, vitamins and supplements, grocery, meat and seafood, bakery, dairy, frozen foods, body care and natural household items. As of February 26, 2015, the Company operated 198 stores in 12 states. The Companys product offerings focus on fresh, natural and organic foods. It categorizes its products as perishable and non-perishable. Perishable product categories include produce, meat, seafood, deli and bakery. Non-perishable product categories include grocery, vitamins and supplements, bulk items, dairy and dairy alternatives, frozen foods, beer and wine, and natural health and body care.