Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Natural Foods Inc. shares valued at $299,707 were sold by Benedict Danielle on Oct 04 ’24. At $19.78 per share, Benedict Danielle sold 15,152 shares. The insider’s holdings dropped to 100,423 shares worth approximately $2.12 million following the completion of this transaction.
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Also, Benedict Danielle purchased 15,152 shares, netting a total of over 299,749 in proceeds.
Before that, Esper Richard Eric had sold 4,375 shares from its account. In a trade valued at $49,656, the Chief Accounting Officer traded United Natural Foods Inc. shares for $11.35 each. Upon closing the transaction, the insider’s holdings decreased to 4,375 shares, worth approximately $0.69 million.
As published in a research note from Northcoast on October 11, 2024, United Natural Foods Inc. [UNFI] has been rated up from a Neutral to a Buy. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early January. As of March 13, 2023, UBS has decreased its “Buy” rating to a “Neutral” for UNFI. Earlier on March 10, 2023, Northcoast 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 surge of approximately 7.70%. Over the course of the year, United Natural Foods Inc. shares have jumped approximately 30.13%. Shares of the company reached a 52-week high of $23.15 on 10/02/24 and a 52-week low of $8.58 on 04/24/24. A 50-day SMA is recorded $16.06, while a 200-day SMA reached $13.77. Nevertheless, trading volume fell to 0.64 million shares from 0.63 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 20.63, which, if violated, would cause prices to drop to 20.13. In the upper region, resistance lies at 21.51. The next price resistance is at 21.89. RSI (Relative Strength Index) is 68.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.07, which suggests the price will increase in the coming days. Percent R is at 30.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
