United Natural Foods Inc.’s recent filing unveils that its Chief Executive Officer DOUGLAS J ALEXANDER JR acquired Company’s shares for reported $1.0 million on Mar 24. In the deal valued at $22.22 per share,45,168 shares were bought. As a result of this transaction, DOUGLAS J ALEXANDER JR now holds 150,936 shares worth roughly $ 3.0 million.
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Then, Howard John W sold 7,000 shares, generating $298,340 in total proceeds. Upon selling the shares at $42.62, the CFO now owns 117,648 shares.
Before that, TESTA CHRISTOPHER P. sold 27,931 shares. United Natural Foods Inc. shares valued at $1,132,391 were divested by the President at a price of $40.54 per share. As a result of the transaction, TESTA CHRISTOPHER P. now holds 124,848 shares, worth roughly $2.48 million.
UBS downgraded its United Natural Foods Inc. [UNFI] rating to a Neutral from a a Buy in a research note published on Friday, March 13, 2023; the price target was decreased to $32 from $48. PT values the company’s stock at a premium of 37.81 to its Friday closing price.
Price Performance Review of UNFI
On Friday, United Natural Foods Inc. [NYSE:UNFI] saw its stock fall -1.14% to $19.90. On the same session, the stock had its day’s lowest price of $19.80, but rose to a high of $20.40. Over the last five days, the stock has gained 0.81%. United Natural Foods Inc. shares have fallen nearly -48.59% since the year began. Nevertheless, the stocks have fallen -54.85% over the past one year. While a 52-week high of $47.88 was reached on 02/03/23, a 52-week low of $19.36 was recorded on 07/11/23. SMA at 50 days reached $20.35, while 200 days put it at $30.38. A total of 0.31 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For UNFI Stock
The 24-hour chart illustrates a support level at 19.67, which if violated will result in even more drops to 19.43. On the upside, there is a resistance level at 20.27. A further resistance level may holdings at 20.63. The Relative Strength Index (RSI) on the 14-day chart is 41.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.22%. Stochastics %K at 38.89% indicates the stock is a holding.
How much short interest is there in United Natural Foods Inc.?
A steep rise in short interest was recorded in United Natural Foods Inc. stocks on Aug 14, 2023, dropping by -0.31 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.38 million shares. There was a decline of -10.1%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.05.
United Natural Foods Inc. [UNFI] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,838,731 shares, or roughly 15.08% of the outstanding UNFI shares. In other words, the investor’s shares have fallen by -268,174 from its previous 13-F filing of 9106905.0. Additionally, The Vanguard Group, Inc. decreased -1.17% of its stake after which the total value it holdings stand at $145,900,227, while Dimensional Fund Advisors LP reduced -14.92% of its stake to hold $78.79 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -28,542 shares of United Natural Foods Inc., while Pacer Advisors, Inc. sold 2,113,118 shares. At present, Invesco Capital Management LLC is holding 1,838,593 shares valued at $38.24 million. Kiltearn Partners LLP owned 1,744,001 shares of the company at the time of its most recent 13F filing, worth $36.28 million.
According to FactSet, United Natural Foods Inc.’s share price will average $22.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.77 percent from its previous closing price of $20.13. Analysts expect United Natural Foods Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $20.00. However, 14 analysts have rated UNFI stock as a Hold in their predictions for 2023.