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Whole Foods Market, Inc. (WFM) Rumor Debunked By Icahn

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Mark Melin
Published on
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As rumors swirl that Whole Foods Market, Inc. (NASDAQ:WFM) is the subject of activist investor Carl Icahn’s interest, Yahoo Finance is reporting the rumors are false.

Whole foods Carl Icahn

Whole Foods Market spiked at the top of a euphoric high

As the price of Whole Foods Market, Inc. (NASDAQ:WFM) spiked from yesterday’s close of $37.77 to trade at $40.40 at the top of a euphoric high, the stock sold off as Yahoo reporter Kevin Chupka dampened hopes of bulls.

Quoting sources familiar with the situation, Yahoo reports Icahn “has absolutely no interest in Whole Foods whatsoever.”  The report notes the high-end organic grocer is finding difficulty with...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.