Whole Foods Market, Inc. (NASDAQ: WFM)
Whole Foods Market was off to a relatively negative day in the market today, trading in the red for the majority of the session. However, minutes ago, we started to see a spike in the value of the stock, bringing it well into the green. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from WFM ahead.
What We’re Seeing From WFM
As mentioned above, Whole Foods Market was off to a very weak day in the market this morning. For most of the day, the stock has been in the red. However, things changed for the better minutes ago, with the stock spiking into gains. Currently (12:29), WFM is trading at $29.13 per share after a gain of $0.67 per share (2.35%) thus far today.
Why We’re Seeing The Spike
As soon as we noticed the spike in value on WFM, the CNA Finance team started to investigate to see exactly what was going on. While there has been no fundamental news released by the company, we believe we know why the stock is climbing.
In the social space, we’re seeing quite a bit of chatter surrounding Whole Foods Market. According to the social rumors, activist investors are pushing for change from the company. Many believe this means that a sale is on the horizons for WFM.
What We’ll Be Watching Ahead
Keep in mind that what we’re seeing today is being caused by rumors. There has been no public statement made by activists quite yet. However, that doesn’t mean that change isn’t coming. With that said, we’ll be watching the WFM story closely and bringing the news to you as it develops!
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[Image Courtesy of Wikimedia]