Whole Foods Market, Inc. WFM was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on the company’s better-than-expected sales trends. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $29.15–$31.33 in the past one-month time frame.
In the last 30 days, the company has seen two downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Whole Foods Market currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked Retail-Supermarket stock is The Kroger Co. KR, which holds a Zacks Rank #2 (Hold).
Is WFM going up? Or down? Predict to see what others think: Up or Down
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