Spruce Point Capital Releases a Strong Sell Forensic Research Opinion on Weis Markets, Inc. (NYSE: WMK)
Weis Markets, Inc. (WMK)
US:NYSE Investor Relations:
weismarkets.com/financial-information
Company Research
Source: PR Newswire
NEW YORK, Sept. 5, 2018 /PRNewswire/ -- Report entitled "Every Day High Prices Guaranteed" outlines how Weis Markets, a northeastern regional supermarket, faces 45% - 65% downside risk, or $17.60 to $26.40 per share, as a result of declining organic growth, margin pressures from price discounting, and difficult financial comparisons as a result of aggressive accounting changes that are temporarily inflating operating cash flow. In Our Opinion, A Non-Competitive Supermarket Charging 15% Higher Prices: Spruce Point believes Weis Markets is poorly positioned and not aligned with changes in the supermarket industry. Recent price checks on a basket of items show that Weis charged 20% more than peers in 2017, and now charges a 15% premium to peers. Amazon, WalMart, Target, Costco and Wegman's are creating a more intense environment for Weis to compete. Furthermore, our big data analysis suggests that Aldi's and Lidl, both ultra-low costs grocers, are gaining traction with Weis' core cu
Show less
Read more
Impact Snapshot
Event Time:
WMK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WMK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WMK alerts
High impacting Weis Markets, Inc. news events
Weekly update
A roundup of the hottest topics
WMK
News
- Weis Markets announces Lebanon County store remodel [Yahoo! Finance]Yahoo! Finance
- Franklin County Weis Markets begins renovations [Yahoo! Finance]Yahoo! Finance
- Has Weis Markets, Inc. (NYSE:WMK) Stock's Recent Performance Got Anything to Do With Its Financial Health? [Yahoo! Finance]Yahoo! Finance
- Weis Markets, Inc. (NYSE: WMK) was upgraded by analysts at TheStreet from a "c+" rating to a "b-" rating.MarketBeat
- Weis Markets Inc.: Treasuries More Compelling [Seeking Alpha]Seeking Alpha
WMK
Analyst Actions
- 3/19/24 - TheStreet
WMK
Sec Filings
- 4/8/24 - Form 3
- 4/8/24 - Form 3
- 3/14/24 - Form DEF
- WMK's page on the SEC website