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Wells Fargo gives an Underweight recommendation for United Natural Foods Inc. (UNFI)

United Natural Foods Inc.’s recent filing unveils that its Chief Human Resources Officer Benedict Danielle unloaded Company’s shares for reported $0.3 million on Oct 04 ’24. In the deal valued at $19.78 per share,15,152 shares were sold. As a result of this transaction, Benedict Danielle now holds 100,423 shares worth roughly $1.99 million.

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Then, Benedict Danielle bought 15,152 shares, generating $299,749 in total proceeds.

Before that, Esper Richard Eric sold 4,375 shares. United Natural Foods Inc. shares valued at $49,656 were divested by the Chief Accounting Officer at a price of $11.35 per share. As a result of the transaction, Esper Richard Eric now holds 32,865 shares, worth roughly $0.65 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 Tuesday, United Natural Foods Inc. [NYSE:UNFI] saw its stock jump 2.74% to $19.85. Over the last five days, the stock has lost -9.61%. United Natural Foods Inc. shares have risen nearly 22.30% since the year began. Nevertheless, the stocks have risen 45.00% over the past one year. While a 52-week high of $23.15 was reached on 10/02/24, a 52-week low of $8.58 was recorded on 04/24/24. SMA at 50 days reached $15.35, while 200 days put it at $13.64.

Levels Of Support And Resistance For UNFI Stock

The 24-hour chart illustrates a support level at 19.40, which if violated will result in even more drops to 18.94. On the upside, there is a resistance level at 20.11. A further resistance level may holdings at 20.36. The Relative Strength Index (RSI) on the 14-day chart is 64.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.91%. Stochastics %K at 55.07% indicates the stock is a holding.

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 2024-09-13, dropping by -0.15 million shares to a total of 3.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.97 million shares. There was a decline of -3.94%, which implies that there is a negative sentiment for the stock.

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