Whole Foods Market (WFM) Shares are Down -2.01%

Whole Foods Market (WFM) : During the past 4 weeks, traders have been relatively bearish on Whole Foods Market (WFM), hence the stock is down -10.55% 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 -1.98% relative to the S&P 500. The 4-week change in the price of the stock is -10.2% and the stock has fallen -2.01% in the past 1 week.

Whole Foods Market, Inc. has dropped 3.52% during the last 3-month period . Year-to-Date the stock performance stands at -8.43%. The stock has recorded a 20-day Moving Average of 2.93% and the 50-Day Moving Average is 4.95%.


Whole Foods Market (NASDAQ:WFM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.20 and $30.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.28, notching a gain of 0.23% for the day. The total traded volume was 6,870,862 . The stock had closed at $30.21 on the previous day.

Also, Equity Analysts at the Deutsche Bank maintains the rating on Whole Foods Market (NASDAQ:WFM). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $28 per share to $32 per share. The rating by the firm was issued on July 28, 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.

Leave a Reply

Get Pre-Market Alerts!

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