United Natural Foods Inc. (UNFI) had a good day on the market for Monday October 21 as shares jumped 5.34% to close at $6.91. About 1.58 million shares traded hands on 11,029 trades for the day, compared with an average daily volume of n/a shares out of a total float of 53.43 million. After opening the trading day at $6.59, shares of United Natural Foods Inc. stayed within a range of $7.01 to $6.57.
With today’s gains, United Natural Foods Inc. now has a market cap of $369.23 million. Shares of United Natural Foods Inc. have been trading within a range of $26.38 and $6.56 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
United Natural Foods is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company’s products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and food service channels such as e-commerce platforms. The company’s operations are comprised of three principal divisions: the wholesale division; the retail division; and the manufacturing and branded products division.
United Natural Foods Inc. is based out of Providence, RI and has some 19,000 employees. Its CEO is Steven L. Spinner.
United Natural Foods Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
