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Recent Insider Activity Suggests Potential Gains for United Natural Foods Inc (UNFI)

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In a filing, United Natural Foods Inc revealed its Chief Human Resources Officer Benedict Danielle unloaded Company’s shares for reported $0.2 million on Oct 17 ’24. In the deal valued at $22.10 per share,9,050 shares were sold. As a result of this transaction, Benedict Danielle now holds 88,218 shares worth roughly $2.21 million.

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Then, Benedict Danielle bought 9,050 shares, generating $200,005 in total proceeds.

Before that, Benedict Danielle sold 15,152 shares. United Natural Foods Inc shares valued at $299,707 were divested by the Chief Human Resources Officer at a price of $19.78 per share. As a result of the transaction, Benedict Danielle now holds 100,423 shares, worth roughly $2.52 million.

Northcoast upgraded its United Natural Foods Inc [UNFI] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Equal weight” to “an Underweight”. UBS also remained covering UNFI and has decreased its forecast on March 13, 2023 with a “Neutral” recommendation from previously “Buy” rating. Northcoast revised its rating on March 10, 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 fall -0.63% to $25.09. Over the last five days, the stock has gained 0.56%. United Natural Foods Inc shares have risen nearly 54.59% since the year began. Nevertheless, the stocks have risen 60.83% over the past one year. While a 52-week high of $25.35 was reached on 12/03/24, a 52-week low of $8.58 was recorded on 04/24/24. SMA at 50 days reached $20.99, while 200 days put it at $14.81.

Levels Of Support And Resistance For UNFI Stock

The 24-hour chart illustrates a support level at 24.82, which if violated will result in even more drops to 24.54. On the upside, there is a resistance level at 25.42. A further resistance level may holdings at 25.75. The Relative Strength Index (RSI) on the 14-day chart is 72.59, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.95%. Stochastics %K at 93.84% indicates the stock is a selling.

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 2024-11-15, dropping by -0.49 million shares to a total of 3.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.99 million shares. There was a decline of -14.17%, which implies that there is a negative sentiment for the stock.

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