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Stock Market & Financial Investment News

News Breaks
February 21, 2014
10:27 EDTSFM, TFM, WFMWhole Foods started with Outperform rating at Oppenheimer
Research firm Oppenheimer initiated coverage of Whole Foods (WFM) with an Outperform rating in a note to investors last night, saying that the company is best positioned to gain market share in the natural/organics category. WHAT'S NEW: Whole Foods seems to be coping with recent challenges it has faced well, as its comparative sales increased 5.4% last quarter versus the same period a year earlier, Oppenheimer analyst Rupesh Parikh stated. Additionally, investors may be underestimating the long-term benefits of the company's downward price adjustments, Parikh stated. The company's stock has dropped about 20% since last October, creating an opportunity for investors, the analyst contended. He expects the stock to "grind higher," and set a $63 price target on the shares. WHAT'S NOTABLE: Other supermarkets that specialize in selling organic products include The Fresh Market (TFM) and Spouts Farmers (SFM), both of which Parikh initiated last night with Perform ratings. PRICE ACTION: In mid-morning trading, Whole Foods climbed 1% to $52.90.
News For WFM;TFM;SFM From The Last 14 Days
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October 6, 2015
10:55 EDTWFMOptions with increasing implied volatility: FOLD WFM
05:42 EDTWFMStocks with implied volatility movement; WFM MNKD
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October 5, 2015
10:55 EDTWFMOptions with increasing implied volatility: FOLD JWN PMCS SLH WFM
05:12 EDTWFMStocks with implied volatility movement; WFM PMCS
Stocks with implied volatility movement; Whole Foods (WFM) 39, PMC-Sierra (PMCS) 59 according to iVolatility.
October 2, 2015
11:45 EDTWFMWhole Foods calls active
Whole Foods October weekly 31.5 and 32 calls are active on total call volume of 19K contracts (2K puts). October weekly call option implied volatility is at 40, October is at 35, November is at 40; compared to its 52-week range of 17 to 43. Active call volume suggests traders taking positions for large near term price movement.
September 28, 2015
08:00 EDTWFMWhole Foods says to cut 1,500 jobs, or 1.6% of workforce, over 8 weeks
Whole Foods Market said in a regulatory filing that as part of its ongoing commitment to lower prices for its customers and invest in technology upgrades while improving its cost structure, the company will reduce a number of positions over the next eight weeks. The company estimates the net reduction to be approximately 1,500 jobs, which represents 1.6 percent of its workforce. It anticipates many of the reductions to be managed through natural attrition and expects a significant percentage of affected Team Members will find other jobs from the nearly 2,000 open positions across the company or via new jobs created from the more than 100 new stores in development.Whole Foods Market added over 9,000 new jobs in the past year and created nearly 35,000 over the past five years. "This is a very difficult decision, and we are committed to treating affected Team Members in a caring and respectful manner. We have offered them several options including transition pay, a generous severance, or the opportunity to apply for other jobs. In addition, we will pay these Team Members in full over the next eight weeks as they decide which option to choose." said Walter Robb, co-CEO of Whole Foods Market. "We believe this is an important step to evolve Whole Foods Market in a rapidly changing marketplace."

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