Stock Mover of The Day: What’s Village Super Market, Inc. Upside After Achieving 52-Week High?

Stock Mover of The Day: What's Village Super Market, Inc. Upside After Achieving 52 Week High?

The stock of Village Super Market, Inc. (NASDAQ:VLGEA) hit a new 52-week high and has $38.42 target or 8.00% above today’s $35.57 share price. The 6 months bullish chart indicates low risk for the $355.85M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $38.42 price target is reached, the company will be worth $28.47M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.89% or $0.66 during the last trading session, hitting $35.57. About 24,939 shares traded hands. Village Super Market, Inc. (NASDAQ:VLGEA) has risen 44.26% since April 22, 2016 and is uptrending. It has outperformed by 38.85% the S&P500.

Analysts await Village Super Market, Inc. (NASDAQ:VLGEA) to report earnings on December, 7.

According to Zacks Investment Research, “VILLAGE SUPER MARKET, INC. operates a chain of 21 ShopRite supermarkets, 15 of which are located in northern New Jersey, 1 in northeastern Pennsylvania and 5 in the southern shore area of New Jersey. In addition, Co. operates two Village Market stores.”

Insitutional Activity: The institutional sentiment decreased to 2 in 2016 Q2. Its down 0.14, from 2.14 in 2016Q1. The ratio fall, as 4 funds sold all Village Super Market, Inc. shares owned while 18 reduced positions. 12 funds bought stakes while 35 increased positions. They now own 5.59 million shares or 4.34% more from 5.36 million shares in 2016Q1.
Wasatch Inc holds 0.02% or 47,687 shares in its portfolio. State Common Retirement Fund accumulated 6,600 shares or 0% of the stock. Goldman Sachs Grp Inc Inc reported 7,922 shares or 0% of all its holdings. Renaissance Tech Lc reported 232,700 shares or 0.01% of all its holdings. Gamco Investors Incorporated Et Al has 128,600 shares for 0.02% of their US portfolio. Brandywine Global Investment holds 0% or 3,900 shares in its portfolio. Strs Ohio last reported 21,200 shares in the company. Blackrock Advsr owns 2,316 shares or 0% of their US portfolio. Ladenburg Thalmann Finance has invested 0% of its portfolio in Village Super Market, Inc. (NASDAQ:VLGEA). Argent Capital Mgmt Ltd Liability Corporation holds 0.07% of its portfolio in Village Super Market, Inc. (NASDAQ:VLGEA) for 52,355 shares. Moreover, Acadian Asset Mgmt has 0% invested in Village Super Market, Inc. (NASDAQ:VLGEA) for 5,857 shares. Blackrock Institutional Tru Na accumulated 0% or 183,878 shares. The California-based Globeflex Cap Ltd Partnership has invested 0% in Village Super Market, Inc. (NASDAQ:VLGEA). Art Advsr Limited Com holds 0.01% of its portfolio in Village Super Market, Inc. (NASDAQ:VLGEA) for 8,731 shares. Denali Advisors Limited Liability Company accumulated 223 shares or 0% of the stock.

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 44 sales for $5.69 million net activity. Estate of Perry Sumas had sold 6,612 shares worth $209,624. SUMAS JOHN sold $267,480 worth of stock or 10,000 shares. The insider CRYSTAL STEVEN sold $10,978. Rooney Stephen also sold $89,340 worth of Village Super Market, Inc. (NASDAQ:VLGEA) shares. $34,560 worth of Village Super Market, Inc. (NASDAQ:VLGEA) was sold by Van Orden John L on Friday, October 14. $41,445 worth of Village Super Market, Inc. (NASDAQ:VLGEA) was sold by JUDGE DAVID on Friday, June 3.

VLGEA Company Profile

Village Super Market, Inc. (Village) is engaged in the retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania. The Firm is a member of Wakefern Food Corporation (Wakefern), which is a retailer-owned food cooperative and owner of the ShopRite name. As of July 30, 2016, Wakefern operated 336 supermarkets and other retail formats, including 94 stores operated by Wakefern. The Company’s stores include the Village Food Garden concept, featuring a restaurant style kitchen and several kiosks offering a variety of store prepared specialty foods for both take-home and in-store dining. The Firm offers a range of products, including groceries, dairy and frozen, produce, meats, non-foods, deli and prepared food, pharmacy, seafood, bakery and liquor.

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