Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. US Foods Holding Corp shares valued at $451,626 were sold by Rickard David A on Mar 07 ’24. At $53.99 per share, Rickard David A sold 8,365 shares. The insider’s holdings dropped to 160,196 shares worth approximately $8.27 million following the completion of this transaction.
Also, Rickard David A sold 50,000 shares, netting a total of over 2,626,000 in proceeds. Following the sale of shares at $52.52 each, the insider now holds 148,561 shares.
Before that, Ferguson Scott D. had sold 3,000,000 shares from its account. In a trade valued at $131,610,000, the Director traded US Foods Holding Corp shares for $43.87 each. Upon closing the transaction, the insider’s holdings decreased to 3,000,000 shares, worth approximately $822.77 million.
As published in a research note from UBS on February 20, 2024, US Foods Holding Corp [USFD] has been rated up from a Neutral to a Buy and the price target has been revised to $64 from $47. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid February. Earlier on October 19, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for USFD stock.
Analyzing USFD Stock Performance
During the last five days, there has been a drop of approximately -3.60%. Over the course of the year, US Foods Holding Corp shares have jumped approximately 13.72%. Shares of the company reached a 52-week high of $54.94 on 03/27/24 and a 52-week low of $44.81 on 01/24/24. A 50-day SMA is recorded $50.99, while a 200-day SMA reached $44.28. Nevertheless, trading volume fell to 0.87 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for US Foods Holding Corp (USFD)
According to the 24-hour chart, there is a support level at 51.09, which, if violated, would cause prices to drop to 50.54. In the upper region, resistance lies at 52.00. The next price resistance is at 52.36. RSI (Relative Strength Index) is 46.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.37, which suggests the price will decrease in the coming days. Percent R is at 62.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is US Foods Holding Corp subject to short interest?
Stocks of US Foods Holding Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 3.39 million shares to 6.75 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.36 million shares. A jump of 50.22% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.39.
