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Whole Foods (WFM) in Focus: Stock Adds 6% in Session

Whole Foods Market, Inc.WFM was a big mover last session, as the company saw its shares rise nearly 6% on the day. The upside was driven by the company's announcement of better-than-expected earnings for the second quarter of fiscal 2016. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $28.51 to $29.82 since Apr 21, 2016.

The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Whole Foods currently carries a Zacks Rank #4 (Sell).

A better-ranked stock in the same industry is The Kroger Co. KR , which carries a Zacks Rank #2 (Buy).

Is WFM going up? Or down? Predict to see what others think: Up or Down

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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