Market Overview

Whole Foods Lower For Fifth Day In A Row

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Whole Foods Market, Inc. (NASDAQ: WFM) shares are trading lower by $1.50 (4.7 percent) at $31.02 in Wednesday's session. It has fallen from its June 8 close ($35.15) to $31 over the last five days.

Its retreat from the $35 area was already in motion when the company announced it had received a warning letter from the FDA.

That news, which came out late in the day on June 14, added to the momentum from Monday's loss of $0.82, and was the catalyst for a $0.97 decline on Tuesday.

After a lower open, it couldn't come close to Tuesday's close ($32.52), peaking at $31.94 before continuing its move lower. So far, it has reached $30.84 and is not far off that level. The current low coincides with its May 20 low ($30.85).

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