Shares of Whole Foods Market (WFM) Sees Large Outflow of Money

Whole Foods Market (WFM) : The total negative money flow of $1.68 million on Tuesday indicates selling on strength. The inflow of money on upticks was $8.76 million, compared to $10.44 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.84. The negative money flow of $0.8 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.86 million in a block trade.The transaction value of block trade on downtick was $2.65 million. The uptick to downtick ratio was 0.7. The price action in the Whole Foods Market (WFM) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $30.72 with a gain of $0.03 , a change of 0.08% over the previous days close. The stock registered -0.05% for the week.


Also, Deutsche Bank maintains its rating on Whole Foods Market (NASDAQ:WFM). The global brokerage major raises the current price target from $28 per share to $32 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on July 28, 2016.

Shares of Whole Foods Market, Inc. rose by 0.92% in the last five trading days and 1.41% for the last 4 weeks. Whole Foods Market, Inc. has dropped 8.74% during the last 3-month period . Year-to-Date the stock performance stands at -6.74%.

Whole Foods Market (NASDAQ:WFM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.65 and $30.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $31.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.84, notching a gain of 0.49% for the day. The total traded volume was 3,390,099 . The stock had closed at $30.69 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Regional President) of Whole Foods Market Inc, Gaye Omar had sold 400 shares worth of $12,068 in a transaction dated August 2, 2016. In this transaction, 400 shares were sold at $30.17 per share.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.