Exclusive: Could Weis Markets, Inc. Recover After Today’s Huge Decline?

Exclusive: Could Weis Markets, Inc. Recover After Today's Huge Decline?

The stock of Weis Markets, Inc. (NYSE:WMK) is a huge mover today! The stock decreased 6.15% or $3.69 on November 23, hitting $56.32. About 508,723 shares traded hands or 976.89% up from the average. Weis Markets, Inc. (NYSE:WMK) has risen 22.92% since April 22, 2016 and is uptrending. It has outperformed by 17.51% the S&P500.
The move comes after 7 months negative chart setup for the $1.50B company. It was reported on Nov, 24 by Barchart.com. We have $54.07 PT which if reached, will make NYSE:WMK worth $60.00M less.

Analysts await Weis Markets, Inc. (NYSE:WMK) to report earnings on March, 9.

According to Zacks Investment Research, “Weis Markets, Inc. is engaged principally in the retail sale of food and pet supplies. It operates stores in the following states: Pennsylvania, Maryland, New Jersey, New York, Virginia and West Virginia. The SuperPetz division operates pet supply warehouse stores across the eastern U.S..”

Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.38, from 1.08 in 2016Q1. The ratio improved, as 5 funds sold all Weis Markets, Inc. shares owned while 35 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 11.34 million shares or 41.74% more from 8.00 million shares in 2016Q1.
Moreover, First Trust Advsr L P has 0.04% invested in Weis Markets, Inc. (NYSE:WMK) for 258,330 shares. Teacher Retirement Sys Of Texas holds 0% or 1,694 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK) for 2,243 shares. Martingale Asset Management L P holds 0.01% or 9,405 shares in its portfolio. Blackrock Limited Liability Company reported 4,745 shares or 0% of all its holdings. Dalton Greiner Hartman Maher And owns 297,433 shares or 0.93% of their US portfolio. Nationwide Fund Advsr reported 22,270 shares or 0% of all its holdings. Swiss Commercial Bank last reported 20,600 shares in the company. Schwab Charles Invest Mgmt accumulated 0% or 40,441 shares. Metropolitan Life Insur Com Ny holds 0% or 7,110 shares in its portfolio. The New York-based State Common Retirement Fund has invested 0% in Weis Markets, Inc. (NYSE:WMK). Numeric Llc reported 18,266 shares or 0.01% of all its holdings. Globeflex Capital L P owns 7,646 shares or 0.11% of their US portfolio. Los Angeles Capital & Equity has invested 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK). Blackrock Institutional Trust Co Na has invested 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK).

More important recent Weis Markets, Inc. (NYSE:WMK) news were published by: Prnewswire.com which released: “Weis Markets Announces Third Quarter Results” on October 31, 2016, also Prnewswire.com published article titled: “Weis Markets Appoints New Chief Information Officer”, Baltimoresun.com published: “Weis Markets converts two more former Food Lions in Maryland” on September 29, 2016. More interesting news about Weis Markets, Inc. (NYSE:WMK) was released by: Prnewswire.com and their article: “Robert F. Weis, Former Chairman of Weis Markets, Inc., Passes Away at 96” with publication date: October 20, 2015.

WMK Company Profile

Weis Markets, Inc., incorporated on December 18, 1924, is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products. The Firm advertises its products and promotes its brand through weekly newspaper circulars; radio ads; e-mail blasts, and online via its Website, social media and mobile applications. Printed circulars are used on a weekly basis to advertise featured items.

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