Market Overview

Whole Foods Going Green On High Relative Volume

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Whole Foods Market, Inc. (NASDAQ: WFM) shares led early trading on Friday as one of the best performing components of the Nasdaq 100 index. Whole Foods is trading up 6.5 percent.

Trade-Ideas indicated Whole Foods is a strong mover on high relative volume. The stock has an average dollar-volume of $237.9 million. Whole Foods has traded 2.4 million shares on Friday, trading at 5.81 times the normal volume for the stock.

The stock is trading at a new high of 7.02 percent above Thursday's close.

The company recently appointed big culinary star, ex-Momofuku Chef Tien Ho as global vice president of culinary and hospitality. Ho is expected to lead Whole Foods Market's Prepared Foods and Bakery team beginning in early 2016.

"Having worked among some of the most recognized chefs and hotel brands in the world, Tien is an innovative leader in the culinary and hospitality industries," said Ken Meyer, executive vice president of operations at Whole Foods Market.

"As the Whole Foods Market brand continues to evolve and differentiate itself from competitors, we recognize the importance of this role and could not be more happy to welcome Tien, who will help us elevate the way Whole Foods Market guests experience our food."

Though it's still down from a year-to-date high above $57 per share, Whole Foods is nearing a three-month high made near $34.

Posted-In: Long Ideas Technicals Movers Trading Ideas

 

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