The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. United Natural Foods Inc shares valued at $200,005 were sold by Benedict Danielle on Oct 17 ’24. At $22.10 per share, Benedict Danielle sold 9,050 shares. The insider’s holdings dropped to 88,218 shares worth approximately $2.08 million following the completion of this transaction.
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Also, Benedict Danielle purchased 9,050 shares, netting a total of over 200,005 in proceeds.
Before that, Benedict Danielle had sold 15,152 shares from its account. In a trade valued at $299,707, the Chief Human Resources Officer traded United Natural Foods Inc shares for $19.78 each. Upon closing the transaction, the insider’s holdings decreased to 15,152 shares, worth approximately $2.37 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 10.07%. Over the course of the year, United Natural Foods Inc shares have jumped approximately 45.47%. Shares of the company reached a 52-week high of $23.68 on 11/21/24 and a 52-week low of $8.58 on 04/24/24. A 50-day SMA is recorded $19.76, while a 200-day SMA reached $14.52. Nevertheless, trading volume fell to 0.67 million shares from 0.82 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 22.89, which, if violated, would cause prices to drop to 22.16. In the upper region, resistance lies at 24.01. The next price resistance is at 24.40. RSI (Relative Strength Index) is 70.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.25, which suggests the price will increase in the coming days. Percent R is at 1.72%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
