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).
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