Whole Foods Gaps Down On Earnings: Past 'Day of' Performance

| About: Whole Foods (WFM)

Hickey and Walters (Bespoke) submit: Whole Foods Market (WFMI) is currently trading down over 10% after reporting weaker than expected earnings and revenues after the close yesterday.

We looked at prior times that the stock has opened down to see how it typically performs during regular trading hours. Since the end of 2001, the stock has gapped down on earnings seven times. The stock has traded higher from open to close on these occasions five of seven times for an average gain of 45 bps. Based on historical trading patterns, the bleeding may stop at the open for WFMI today.

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wfmi after gapping down

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Tagged: , , , Grocery Stores, Earnings
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