Whole Foods Market, Inc. (NASDAQ:WFM) close to 52-week high on double volume, short interest dropping

Whole Foods Market, Inc. (NASDAQ:WFM) (TREND ANALYSIS) shares were traded with a doubled volume. The stock closed last trading session at $56.3, up by 5.21%, with a volume of 11,150,632 shares against an average volume for the last 3 months of 4,001,970.

Whole Foods Market, Inc. (WFM) reported last quarter earnings on Wednesday, February 11. The Food & Staples Retailing company announced earning per share of $0.46 against a consensus Street estimate of $0.45, beating the average estimate by $0.01. This corresponds to an increase of $0.14 compared to the same quarter of the previous fiscal year.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Whole Foods Market, Inc. (NASDAQ:WFM) is currently trading 0.83% below its 52-week-high, 56.04% above its 52-week-low. The 1-year range for the stock is $36.08 – $56.77. Whole Foods Market, Inc. (WFM) has a price to earnings ratio of 34.3 versus Nasdaq average of 16.57. The stock price has outperformed the Nasdaq by 10.5%. WFM is currently valued at $20.25 billion and closed the last trading session at $56.3. The stock has a 50-day moving average of $51.92 and a 200-day moving average of $43.9.

Whole Foods Market, Inc. (WFM) current short interest stands at 21.52 millions shares. It has decreased by 27% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 5.06 millions shares, the number of days required to cover the short positions stand at 4.3 days.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently thirty-three analysts that cover WFM. Of those thirty-three, ten have a Buy rating, twenty have a Hold rating and three have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $52.7.

A recent analyst activity consisted of Telsey Advisory Group reiterating their Market Perform stance on February 12. Telsey Advisory Group increased their price target on WFM from $48 to $52. This corresponds to a 7.64% downside from the last closing price. On the date of report, the stock closed at $56.3.

Imperial Capital reiterated their Outperform stance on the same day, and increased their price target on WFM from $50 to $65. This corresponds to a 15.45% upside from the last closing price.

Company profile

Whole Foods Market, Inc. owns and operates a chain of natural food supermarkets in the United States. The Company’s stores provides full range of merchandise, featuring products that are free of artificial flavors, sweeteners, colors, preservatives, and added chemicals. Whole Foods also develops, produces, and markets nutriceuticals and nutritional supplements.

Related Posts

About The Author