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US Foods Holding Corp (USFD) may enjoy gains as insiders got busy in the recent days

In a filing, US Foods Holding Corp revealed its EVP, Chief Financial Officer Locascio Dirk J. unloaded Company’s shares for reported $0.58 million on Sep 12 ’24. In the deal valued at $57.95 per share,10,000 shares were sold. As a result of this transaction, Locascio Dirk J. now holds 88,563 shares worth roughly $5.43 million.

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Then, Locascio Dirk J. bought 10,000 shares, generating $579,500 in total proceeds.

Before that, Rickard David A sold 8,365 shares. US Foods Holding Corp shares valued at $451,626 were divested by the EVP Strategy Revenue Mgmt at a price of $53.99 per share. As a result of the transaction, Rickard David A now holds 160,196 shares, worth roughly $9.82 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 1.06% to $61.29. Over the last five days, the stock has gained 0.05%. US Foods Holding Corp shares have risen nearly 34.97% since the year began. Nevertheless, the stocks have risen 63.79% over the past one year. While a 52-week high of $62.94 was reached on 09/26/24, a 52-week low of $35.66 was recorded on 01/24/24. SMA at 50 days reached $58.50, while 200 days put it at $52.95.

Levels Of Support And Resistance For USFD Stock

The 24-hour chart illustrates a support level at 60.68, which if violated will result in even more drops to 60.07. On the upside, there is a resistance level at 61.62. A further resistance level may holdings at 61.95. The Relative Strength Index (RSI) on the 14-day chart is 56.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.88%. Stochastics %K at 53.21% indicates the stock is a holding.

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 2024-09-30, dropping by -4.16 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.35 million shares. There was a decline of -130.24%, which implies that there is a negative sentiment for the stock.

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