United Natural Foods Inc. (NASDAQ: UNFI) may feel unloved because the natural foods distribution king had seen its shares gutted earlier this year. Earnings and the loss of a key client did not help matters at all. The stock was down almost 40% year to date. Ahead of Wednesday, it was up almost 2% in the past week and up almost 3% over the past month. Does this mean that the stock finally is trying to find a bottom, or is it just a resting place before going lower again?
Shares of United Natural Foods were relatively flat at $47.56, below its consensus price target of $58.53. The 52-week range is $44.05 to $83.91 and the market cap is $2.4 billion.
Virtu Financial Inc. (NASDAQ: VIRT) looks like a trading or brokerage firm on the surface, so some may wonder why it has risen. It is because this is a top high-frequency trading shop, and the market volatility probably has been like shooting fish in a barrel. It had a recent IPO and is worth under $1 billion. Still, it almost never loses money, according to its pre-IPO paperwork. Virtu’s IPO was at $19.00, and shares were actually down 7% in the past month but had recovered to be up 5.5% in the past five days.
Virtu Financial shares were last seen up 2% at $22.48, compared to its consensus price target of $23.50. The market cap is $771 million, and the post-IPO trading range is $19.98 to $24.77.
Windstream Holdings Inc. (NASDAQ: WIN) has been a controversial stock in telecom, Internet access and even in cloud and networking, but it turns out that earnings were very positive and may have broken what had been one massive down-slide in the stock this year. Windstream was up 2.6% over the past week, but it was up 42% in the past month, while still being down 45% this year.
Shares of Windstream were up 0.9% at $6.74 earlier in the day but then drifted into the red slightly. It has a consensus price target of $7.53. The market cap is $701 million. The stock has traded between $4.42 and $17.81 in the past 52 weeks.
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Any time you see statistics this bad, it makes you scratch your head a bit. Out of the S&P 500 Index, only two non-merger companies were up in the past week. Every single Dow stock was down last week, with a minimum drop being 6.5%. Over the past month, every Dow stock was in the red as well.
Some of these stocks had endured pain prior to this summer. It was impressive to see that perhaps investors are thinking the worst has been seen for some of these companies. If they did not get body slammed in the past week or the past month, you almost would have to wonder how well these would have done had the market not been in such a deep correction.
Below are charts from StockCharts.com on each in the past 60 days, compared to the Dow ETF and NASDAQ 100 ETF.
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