Traders Unite!

Whole Foods's stock halted until well after the open – MarketWatch

Investors will have to wait a little longer to see how Whole Foods Market Inc.’s stock WFM, +26.71% reacts to the buyout deal with Amazon.com Inc. AMZN, +3.38% The natural and organic grocer’s stock has been halted for news since 8:54 a.m. ET, and isn’t scheduled to resume trading until 9:50 a.m. Amazon’s bid of $42 a share for Whole Foods is 27% above Thursday’s closing price of $33.06, and is the highest price seen since May 29, 2015, but is 36% below the Oct. 25, 2013 record close $65.24. Whole Foods’s stock has gained 7.3% over the past year, while Amazon shares have rallied 34% and the S&P 500 SPX, -0.22% has gained 17%.

Comments are closed.