Sprouts Farmers Market (SFM) Shares Slide -0.09%

Sprouts Farmers Market (SFM) has risen sharply, recording gains of 1.76% in the past 4 weeks. However, the stock has corrected -0.09% 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 -1.55% 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 -0.02% relative to the S&P 500.

The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 1.39%. Sprouts Farmers Market, Inc. has dropped 17.6% during the last 3-month period . Year-to-Date the stock performance stands at -13.01%.


Sprouts Farmers Market (NASDAQ:SFM): On Fridays trading session , Opening price of the stock was $23.24 with an intraday high of $23.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $22.87. However, the stock managed to close at $23.13, a loss of 0.64% for the day. On the previous day, the stock had closed at $23.28. The total traded volume of the day was 2,381,984 shares.

Also, In the latest statement by the brokerage house, Goldman Sachs upgrades its outlook on Sprouts Farmers Market (NASDAQ:SFM). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Sell. The brokerage firm announces the price target at $29 per share. The rating by the firm was issued on July 26, 2016.

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.

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