What Next for Weis Markets, Inc. (WMK) Stock After Reaching Yearly Low?

Investors sentiment decreased to 1.02 in Q4 2018. Its down 0.55, from 1.57 in 2018Q3. It worsened, as 12 investors sold Weis Markets, Inc. shares while 40 reduced holdings. 22 funds opened positions while 31 raised stakes. 10.10 million shares or 1.25% more from 9.98 million shares in 2018Q3 were reported.
Moreover, Clearbridge Invs Ltd Liability Com has 0% invested in Weis Markets, Inc. (NYSE:WMK). Bnp Paribas Arbitrage Sa invested 0% of its portfolio in Weis Markets, Inc. (NYSE:WMK). Parametric Assoc Ltd Llc owns 71,240 shares. Coatue Lc reported 4,726 shares. Martingale Asset L P has invested 0.04% of its portfolio in Weis Markets, Inc. (NYSE:WMK). Jpmorgan Chase And Com has 0% invested in Weis Markets, Inc. (NYSE:WMK). Systematic Fincl Mgmt L P owns 26,210 shares. Fmr Ltd Liability Corp invested 0% in Weis Markets, Inc. (NYSE:WMK). Hudock Group holds 0% or 15 shares in its portfolio. Macquarie Group Ltd, a Australia-based fund reported 23,400 shares. Mackay Shields Limited Liability Corporation holds 6,300 shares or 0% of its portfolio. Us Fincl Bank De accumulated 47,242 shares. Alphaone Services Ltd Liability Co holds 12,200 shares or 0.24% of its portfolio. Morgan Dempsey Cap Mgmt Ltd holds 1.65% or 78,952 shares in its portfolio. Sei Invs has invested 0% in Weis Markets, Inc. (NYSE:WMK).

Since March 15, 2019, it had 1 insider purchase, and 0 selling transactions for $40,360 activity.

The stock of Weis Markets, Inc. (NYSE:WMK) hit a new 52-week low and has $35.15 target or 8.00 % below today’s $38.21 share price. The 5 months bearish chart indicates high risk for the $1.03 billion company. The 1-year low was reported on May, 17 by Barchart.com. If the $35.15 price target is reached, the company will be worth $82.24M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.09% or $1.22 during the last trading session, reaching $38.21. About 123,880 shares traded or 18.71% up from the average. Weis Markets, Inc. (NYSE:WMK) has risen 23.35% since May 17, 2018 and is uptrending. It has outperformed by 18.98% the S&P500.

More notable recent Weis Markets, Inc. (NYSE:WMK) news were published by: Seekingalpha.com which released: “Taking Profits In Weis Markets – Seeking Alpha” on May 27, 2018, also Finance.Yahoo.com with their article: “Here’s What Hedge Funds Think About Synaptics Incorporated (SYNA) – Yahoo Finance” published on May 02, 2019, Finance.Yahoo.com published: “Did Hedge Funds Drop The Ball On Redfin Corporation (RDFN) ? – Yahoo Finance” on May 02, 2019. More interesting news about Weis Markets, Inc. (NYSE:WMK) were released by: Bizjournals.com and their article: “Md. grocery chain signs lease in Columbia, filling gap left by Weis – Baltimore Business Journal” published on October 01, 2018 as well as Fool.com‘s news article titled: “How to Invest in Grocery Stores – The Motley Fool” with publication date: June 05, 2018.

Weis Markets, Inc. engages in the retail sale of food in Pennsylvania and surrounding states. The company has market cap of $1.03 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 16.89 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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