Weis Markets, Inc. (WMK)’s Stock Formed A Several Months Double Top Pattern

September 8, 2018 - By Margaret Guttierez

Investors sentiment increased to 1.31 in Q1 2018. Its up 0.11, from 1.2 in 2017Q4. It increased, as 10 investors sold Weis Markets, Inc. shares while 29 reduced holdings. 18 funds opened positions while 33 raised stakes. 9.21 million shares or 7.78% more from 8.55 million shares in 2017Q4 were reported.
New York-based Gotham Asset Management Limited Liability Company has invested 0.02% in Weis Markets, Inc. (NYSE:WMK). Ny State Common Retirement Fund has invested 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK). M&T Bancshares stated it has 39,000 shares or 0.01% of all its holdings. Metropolitan Life Insurance holds 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK) for 3,318 shares. Paloma Ptnrs Mngmt reported 14,788 shares stake. Voya Investment Limited Company has invested 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK). Vantage Investment Advisors Ltd stated it has 776 shares. Citadel Advisors reported 38,344 shares stake. Tiaa Cref Investment Mngmt Limited Liability Corp has 0% invested in Weis Markets, Inc. (NYSE:WMK). Bessemer has 435 shares for 0% of their portfolio. First Quadrant Lp Ca has 0.01% invested in Weis Markets, Inc. (NYSE:WMK). Gsa Cap Prns Ltd Liability Partnership has 0.09% invested in Weis Markets, Inc. (NYSE:WMK) for 43,426 shares. Morgan Dempsey Capital Management Lc has 0% invested in Weis Markets, Inc. (NYSE:WMK) for 89,640 shares. Amer Gru holds 0% or 6,118 shares in its portfolio. Geode Cap Management Limited Company holds 135,384 shares or 0% of its portfolio.

The chart of Weis Markets, Inc. (WMK) shows a double top with $46.52 target or 5.00 % above today’s $44.30 share price. The 8 months chart pattern indicates low risk for the $1.19B company. It was reported on Sep, 8 by Finviz.com. If the $46.52 price target is reached, the company will be worth $59.60M more. Double tops are rare but powerful chart patterns.

The stock decreased 0.25% or $0.11 during the last trading session, reaching $44.3. About 70,287 shares traded. Weis Markets, Inc. (NYSE:WMK) has declined 1.33% since September 8, 2017 and is downtrending. It has underperformed by 13.90% the S&P500.

More news for Weis Markets, Inc. (NYSE:WMK) were recently published by: Prnewswire.com, which released: “Spruce Point Capital Releases a Strong Sell Forensic Research Opinion on Weis Markets, Inc. (NYSE: WMK)” on September 05, 2018. Seekingalpha.com‘s article titled: “Spruce Point Capital lasers in on Weis Markets” and published on September 06, 2018 is yet another important article.

Weis Markets, Inc. engages in the retail sale of food in Pennsylvania and surrounding states. The company has market cap of $1.19 billion. 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, and fuel; and general merchandise items, such as health and beauty care, and household products. It has a 11.52 P/E ratio. It operates stores primarily under the Weis Markets trade name, as well as trademarks for its product lines and promotions, such as Weis, Weis 2 Go, Weis Wonder Chicken, Weis Great Meals Start Here, Weis Gas-n-Go, and Weis Nutri-Facts.

Weis Markets, Inc. (NYSE:WMK) Institutional Positions Chart

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