Whole Foods Market (WFMI) NewsBite - WFMI Earnings Top Forecasts
Posted: Wednesday, August 05, 2009 10:48 AM EDT
By: Market Intelligence Center Staff
Whole Foods Market (NasdaqNM: WFMI) opened at $28.80. So far today, the stock has hit a low of $28.56 and a high of $29.85. WFMI is now trading at $29.71, up $4.89 (19.7%). Over the last 52 weeks the stock has ranged from a low of $7.04 to a high of $25.14. WFMI reported a third-quarter profit last night of $35.0 million or 25 cents per share, on revenue of $1.9 billion, topping analysts' estimates of 20 cents per share on revenue of $1.86 billion. Technical indicators for the stock are bearish and S&P gives WFMI a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on WFMI the stock seems like it could be a candidate for a November out-of-the-money bull-put credit spread below the 24 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Whole Foods Market (WFMI) Stock ReportSee what our analysts have uncovered about Whole Foods Market (WFMI).