Whole Foods Market (WFM) Stock: Gaining On Leveraged Buyout Chatter


Whole Foods Market, Inc. (NASDAQ: WFM) was off to a relatively flat start in today’s trading session. However, that all changed minutes ago as the stock started to spike toward the top. The gains seem to be the result of a leveraged buyout rumor. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:42), WFM is trading at $42.13 per share after a gain of $0.28 per share (0.68%) thus far today.

WFM Gains On LBO Chatter

As mentioned above, Whole Foods Market is having a pretty strong time in the market at the moment, thanks to rumors of a leveraged buyout. The idea here is that Costco Wholesale Corporation (NASDAQ: COST) has a management team that’s working on putting together funding for a leveraged buyout with a total price of $15 billion. This one is very interesting, considering that Amazon recently announced that it would be purchasing WFM for more than $13 billion. So, it will be interesting to see how this thing shakes out.

It’s important to keep in mind that rumors are nothing new to the stock market. The truth is that we see them all the time. In fact, about an hour ago, a rumor broke that GIS would be taken over… something that is highly unlikely. So, if you’re going to trade WFM based on the rumors, please be sure to do so with caution.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WFM. In particular, we’re interested to see how this rumor plays out. If COST does raise the funding and WFM does take the offer, where does that leave AMZN? Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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