The Vetr crowd on Thursday upgraded their rating for Whole Foods Market, Inc. (NASDAQ:WFM) from 3 stars (Hold), issued 22 days ago, to 5 stars (Strong Buy). At the time of the upgrade, crowd sentiment for Whole Foods was generally positive, with 75 percent of Vetr user ratings bullish.
Whole Foods spent most of February riding the bump it received on its Q1 earnings report early that month, meeting EPS estimates and landing less than 2 percent from analyst revenue estimates. During that span, the stock hit a 30-day high of $31.50.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
However, the wave ended March 3 as the stock returned below $30. It has trended down since then and ended today's session at $29.28.
Learn how crowdsourced ratings could help you time the market.
Currently, the Vetr crowd's average target price for the stock is up at $35.01, which is well above the average analyst target price of $29.42. Less than 2% of Vetr users are holding WFM in their watch lists.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.