United Natural Foods (UNFI) has been under a strong bear grip, hence the stock is down -12.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.18% in the past 1 week. The stock has risen by 2.35% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.56% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.09% and the 50-Day Moving Average is 12.01%.The 200 Day SMA reached 1.03%
United Natural Foods (NASDAQ:UNFI): After opening at $39.18, the stock dipped to an intraday low of $39.02 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.34 and the buying power remained strong till the end. The stock closed at $40.04 for the day, a gain of 2.12% for the day session. The total traded volume was 908,835. The stocks close on the previous trading day was $40.04.
United Natural Foods (UNFI) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $49 and the lowest price target forecast is $34. The average forecast of all the analysts is $40.89 and the expected standard deviation is $5.13.
United Natural Foods, Inc. is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division, which includes its natural, organic and specialty distribution business in the United States; UNFI Canada, which is its natural, organic and specialty business in Canada; Alberts Organics, Inc. and Select Nutrition; retail division, consisting of EOM, which operates its 12 natural products retail stores within the United States; manufacturing division, consisting of Woodstock Farms Manufacturing. In July 2014, the Company acquired all of stock of Tonys Fine Foods, making it a wholly-owned subsidiary of the Company.