US Foods Holding Corp’s filing revealed that its EVP Strategy Revenue Mgmt Rickard David A unloaded Company’s shares for reported $0.45 million on Mar 07 ’24. In the deal valued at $53.99 per share,8,365 shares were sold. As a result of this transaction, Rickard David A now holds 160,196 shares worth roughly $8.1 million.
Then, Rickard David A sold 50,000 shares, generating $2,626,000 in total proceeds. Upon selling the shares at $52.52, the EVP Strategy Revenue Mgmt now owns 148,561 shares.
Before that, Ferguson Scott D. sold 3,000,000 shares. US Foods Holding Corp shares valued at $131,610,000 were divested by the Director at a price of $43.87 per share. As a result of the transaction, Ferguson Scott D. now holds 15,932,877 shares, worth roughly $805.25 million.
UBS upgraded its US Foods Holding Corp [USFD] rating to a Buy from a a Neutral in a research note published on February 20, 2024; the price target was increased to $64 from $47. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “an Overweight”. Deutsche Bank started covering the stock on October 19, 2023. It rated USFD as “a Buy”.
Price Performance Review of USFD
On Friday, US Foods Holding Corp [NYSE:USFD] saw its stock jump 1.22% to $50.54. Over the last five days, the stock has lost -6.36%. US Foods Holding Corp shares have risen nearly 11.30% since the year began. Nevertheless, the stocks have risen 38.69% over the past one year. While a 52-week high of $54.94 was reached on 03/27/24, a 52-week low of $35.66 was recorded on 01/24/24. SMA at 50 days reached $50.62, while 200 days put it at $44.13. A total of 2.33 million shares were traded, compared to the trading of 1.35 million shares in the previous session.
Levels Of Support And Resistance For USFD Stock
The 24-hour chart illustrates a support level at 49.97, which if violated will result in even more drops to 49.40. On the upside, there is a resistance level at 50.93. A further resistance level may holdings at 51.32. The Relative Strength Index (RSI) on the 14-day chart is 38.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.97%. Stochastics %K at 15.65% indicates the stock is a buying.
How much short interest is there in US Foods Holding Corp?
A steep rise in short interest was recorded in US Foods Holding Corp stocks on Mar 15, 2024, growing by 3.39 million shares to a total of 6.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.36 million shares. There was a rise of 50.22%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.39.
