Somewhat Positive Media Coverage Somewhat Unlikely to Impact Weis Markets (WMK) Share Price

News coverage about Weis Markets (NYSE:WMK) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Weis Markets earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.2811542063294 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, TheStreet downgraded Weis Markets from a “b-” rating to a “c” rating in a research note on Friday, December 8th.

Weis Markets (NYSE WMK) opened at $39.20 on Thursday. The stock has a market capitalization of $1,050.00, a PE ratio of 13.90 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.91. Weis Markets has a 12 month low of $31.26 and a 12 month high of $67.73.

Weis Markets (NYSE:WMK) last released its quarterly earnings results on Friday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $854.26 million during the quarter. Weis Markets had a return on equity of 8.13% and a net margin of 2.16%.

In related news, insider Jonathan H. Weis purchased 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average price of $34.79 per share, for a total transaction of $347,900.00. Following the purchase, the insider now owns 1,228,766 shares of the company’s stock, valued at $42,748,769.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward John Lauth III purchased 2,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were bought at an average price of $34.77 per share, with a total value of $69,540.00. Following the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $173,850. The disclosure for this purchase can be found here. Insiders have acquired a total of 12,600 shares of company stock valued at $438,104 in the last quarter. Company insiders own 26.90% of the company’s stock.

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About Weis Markets

Weis Markets, Inc is engaged principally in the retail sale of food in Pennsylvania and surrounding states. 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, fuel and general merchandise items, such as health and beauty care and household products.

Insider Buying and Selling by Quarter for Weis Markets (NYSE:WMK)

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