Monitoring United Natural Foods Inc. (UNFI) after recent insider movements

In a filing, United Natural Foods Inc. revealed its Director Bates Ann Torre unloaded Company’s shares for reported $0.24 million on Oct 11 ’23. In the deal valued at $14.94 per share,16,061 shares were sold. As a result of this transaction, Bates Ann Torre now holds 0 shares worth roughly $0.0.

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Then, Howard John W bought 5,490 shares, generating $75,103 in total proceeds. Upon buying the shares at $13.68, the CFO now owns 141,790 shares.

Before that, DOUGLAS J ALEXANDER JR bought 11,265 shares. United Natural Foods Inc. shares valued at $150,050 were divested by the Chief Executive Officer at a price of $13.32 per share. As a result of the transaction, DOUGLAS J ALEXANDER JR now holds 162,201 shares, worth roughly $1.93 million.

Wells Fargo downgraded its United Natural Foods Inc. [UNFI] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Northcoast also remained covering UNFI and has decreased its forecast on March 10, 2023 with a “Neutral” recommendation from previously “Buy” rating. CL King revised its rating on March 09, 2023. It rated UNFI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of UNFI

On Monday, United Natural Foods Inc. [NYSE:UNFI] saw its stock jump 1.36% to $11.92. Over the last five days, the stock has lost -20.59%. United Natural Foods Inc. shares have fallen nearly -26.56% since the year began. Nevertheless, the stocks have fallen -59.26% over the past one year. While a 52-week high of $30.09 was reached on 02/12/24, a 52-week low of $11.38 was recorded on 03/08/24. SMA at 50 days reached $15.31, while 200 days put it at $17.60. A total of 1.1 million shares were traded, compared to the trading of 1.3 million shares in the previous session.

Levels Of Support And Resistance For UNFI Stock

The 24-hour chart illustrates a support level at 11.73, which if violated will result in even more drops to 11.53. On the upside, there is a resistance level at 12.21. A further resistance level may holdings at 12.49. The Relative Strength Index (RSI) on the 14-day chart is 20.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.75%. Stochastics %K at 7.77% indicates the stock is a buying.

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 Feb 15, 2024, growing by 0.24 million shares to a total of 2.91 million shares. Yahoo Finance data shows the prior-month short interest on Jan 12, 2024 was 2.67 million shares. There was a rise of 8.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.03.

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