New Near-Term Highs In Whole Foods (WFMI)

Posted in pre-market 
August 5th, 2009

Whole Foods Market, Inc. (NASDAQ: WFMI) is surging in price to new 52-week highs (still half of 2007 prices though) after its earnings came in better than expected.  We had over 1 million shares trade hands after the report after the close yesterday.  So far at 8:33 AM EST we have seen only about 92,000 shares trade hands.  But as this marks new near-term highs we’d expect the volume to really begin increasing as we get closer and closer to the opening bell.  Its 3.5 million share average day should be easily surpassed in the early morning.  We have shares up 14.5% at $28.44 as of 8:34 AM, above the old $25.15 highs. FULL Earnings Details…. -JON OGG

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