Stock Worth Watching: It Seems Whole Foods Market, Inc. Will Go Down. Have Another Big Decline

Stock Worth Watching: It Seems Whole Foods Market, Inc. Will Go Down. Have Another Big Decline

The stock of Whole Foods Market, Inc. (NASDAQ:WFM) is a huge mover today! About 6.03M shares traded hands. Whole Foods Market, Inc. (NASDAQ:WFM) has risen 5.19% since April 14, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.
The move comes after 5 months negative chart setup for the $9.97 billion company. It was reported on Nov, 16 by Barchart.com. We have $28.76 PT which if reached, will make NASDAQ:WFM worth $797.60M less.

Whole Foods Market, Inc. (NASDAQ:WFM) Ratings Coverage

Out of 21 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 6 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 29% are positive. Whole Foods Market Inc has been the topic of 38 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) has “Equal Weight” rating given on Thursday, July 30 by Morgan Stanley. The stock of Whole Foods Market, Inc. (NASDAQ:WFM) has “Neutral” rating given on Monday, October 19 by Buckingham Research. The firm earned “Market Perform” rating on Friday, July 24 by Telsey Advisory Group. The company was initiated on Friday, September 23 by Barclays Capital. Credit Suisse maintained Whole Foods Market, Inc. (NASDAQ:WFM) on Monday, March 14 with “Neutral” rating. Pivotal Research initiated the shares of WFM in a report on Friday, August 14 with “Sell” rating. Telsey Advisory Group maintained Whole Foods Market, Inc. (NASDAQ:WFM) on Thursday, November 5 with “Market Perform” rating. RBC Capital Markets maintained Whole Foods Market, Inc. (NASDAQ:WFM) rating on Thursday, July 30. RBC Capital Markets has “Outperform” rating and $46 price target. The rating was maintained by Jefferies on Thursday, November 5 with “Hold”. The firm has “Hold” rating by Canaccord Genuity given on Thursday, July 30.

According to Zacks Investment Research, “Whole Foods Market is the largest purveyor of natural foods in the world. They own and operate the country’s largest chain of natural food supermarkets. They are like an old-fashioned neighborhood grocery store, an organic farmer’s market, a European bakery, a New York deli, and a modern supermarket all rolled into one! The Company also offers a wide variety of non-perishable natural products on its Web site at http://wholefoods.com.”

More notable recent Whole Foods Market, Inc. (NASDAQ:WFM) news were published by: Investorplace.com which released: “Whole Foods Market, Inc. (WFM) Stock Has Only One Chance At Survival” on November 15, 2016, also Wsj.com with their article: “John Mackey Will Be Sole CEO of Whole Foods Market” published on November 02, 2016, Forbes.com published: “Whole Foods: A Year To Forget” on November 07, 2016. More interesting news about Whole Foods Market, Inc. (NASDAQ:WFM) were released by: Bloomberg.com and their article: “Whole Foods Shareholder Said Planning Push for Changes, Sale” published on November 04, 2016 as well as Investorplace.com‘s news article titled: “Whole Foods Market, Inc. (WFM) Stock Is Poised for More Pain” with publication date: October 27, 2016.

WFM Company Profile

Whole Foods Market, Inc., incorporated on August 15, 1978, is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.

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