Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Natural Foods Inc. shares valued at $49,656 were sold by Esper Richard Eric on Apr 01 ’24. At $11.35 per share, Esper Richard Eric sold 4,375 shares. The insider’s holdings dropped to 32,865 shares worth approximately $0.34 million following the completion of this transaction.
Also, Howard John W purchased 6,275 shares, netting a total of over 75,237 in proceeds. Following the buying of shares at $11.99 each, the insider now holds 179,823 shares.
Before that, Bates Ann Torre had sold 16,061 shares from its account. In a trade valued at $239,951, the Director traded United Natural Foods Inc. shares for $14.94 each. Upon closing the transaction, the insider’s holdings decreased to 16,061 shares, worth approximately $0.0.
As published in a research note from Wells Fargo on January 04, 2024, United Natural Foods Inc. [UNFI] has been rated down from an Equal weight to an Underweight and the price target has been revised to $15. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of March 10, 2023, Northcoast has decreased its “Buy” rating to a “Neutral” for UNFI. Earlier on March 09, 2023, CL King downgraded its rating. Their new recommendation was “a Neutral” for UNFI stock which previously was a “a Buy”.
Analyzing UNFI Stock Performance
During the last five days, there has been a drop of approximately -3.77%. Over the course of the year, United Natural Foods Inc. shares have dropped approximately -37.03%. Shares of the company reached a 52-week high of $17.33 on 02/12/24 and a 52-week low of $9.98 on 04/10/24. A 50-day SMA is recorded $13.68, while a 200-day SMA reached $16.30. Nevertheless, trading volume fell to 0.82 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for United Natural Foods Inc. (UNFI)
According to the 24-hour chart, there is a support level at 9.99, which, if violated, would cause prices to drop to 9.77. In the upper region, resistance lies at 10.43. The next price resistance is at 10.65. RSI (Relative Strength Index) is 25.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 90.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is United Natural Foods Inc. subject to short interest?
Stocks of United Natural Foods Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.22 million shares to 2.99 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 2.77 million shares. A jump of 7.36% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.27 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.27.
