United Natural Foods Inc.’s recently made public that its Chief Accounting Officer Esper Richard Eric unloaded Company’s shares for reported $49656.0 on Apr 01 ’24. In the deal valued at $11.35 per share,4,375 shares were sold. As a result of this transaction, Esper Richard Eric now holds 32,865 shares worth roughly $0.34 million.
Then, Howard John W bought 6,275 shares, generating $75,237 in total proceeds. Upon buying the shares at $11.99, the CFO now owns 179,823 shares.
Before that, Bates Ann Torre sold 16,061 shares. United Natural Foods Inc. shares valued at $239,951 were divested by the Director at a price of $14.94 per share. As a result of the transaction, Bates Ann Torre now holds 0 shares, worth roughly $0.0.
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 Friday, United Natural Foods Inc. [NYSE:UNFI] saw its stock fall -0.57% to $10.43. Over the last five days, the stock has lost -9.23%. United Natural Foods Inc. shares have fallen nearly -35.74% since the year began. Nevertheless, the stocks have fallen -60.89% over the past one year. While a 52-week high of $28.37 was reached on 02/12/24, a 52-week low of $10.37 was recorded on 04/05/24. SMA at 50 days reached $13.95, while 200 days put it at $16.45. A total of 0.91 million shares were traded, compared to the trading of 0.74 million shares in the previous session.
Levels Of Support And Resistance For UNFI Stock
The 24-hour chart illustrates a support level at 10.29, which if violated will result in even more drops to 10.15. On the upside, there is a resistance level at 10.55. A further resistance level may holdings at 10.67. The Relative Strength Index (RSI) on the 14-day chart is 26.17, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.66%. Stochastics %K at 8.38% 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 Mar 15, 2024, growing by 0.27 million shares to a total of 3.18 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.91 million shares. There was a rise of 8.49%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.78.
