Whole Foods Market (WFM) has risen sharply, recording gains of 8.47% in the past 4 weeks. However, the stock has corrected -1.25% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.93% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 3.93% and the 50-Day Moving Average is 4.04%.
Whole Foods Market (NASDAQ:WFM): The stock opened at $33.73 on Friday but the bulls could not build on the opening and the stock topped out at $33.74 for the day. The stock traded down to $33.13 during the day, due to lack of any buying support eventually closed down at $33.16 with a loss of -1.25% for the day. The stock had closed at $33.58 on the previous day. The total traded volume was 4,916,724 shares.
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 -32.08% . Institutional Investors own 83.78% of Whole Foods Market shares. During last six month period, the net percent change held by insiders has seen a change of -17.71%. In a related news, Siegel Morris J, director of Whole Foods Market Inc, unloaded 6,190 shares at an average price of $32.32 on May 25, 2016. The total amount of the transaction was worth $200,061, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.