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Whole Foods Rises Amid Speculation of Icahn Investment

Stocks in this article: WFM

NEW YORK (TheStreet) -- Shares of Whole Foods (WFM) jumped in early trading, with the strength attributed to speculation that activist investor Carl Icahn may have taken a stake in the natural foods grocer.

WHAT'S NEW: Rumors of a large investment in Whole Foods were circulating early in the trading session, potentially fueled by a tweet from TheStreet's Douglas Kass, who stated that "his Gnome is hearing that Carl Icahn might have take a position in Whole Foods." The Fly's options specialist noted earlier that July weekly 39 and 39.5 calls were active amid the speculation.

WHAT'S NOTABLE: Following the circulation of the rumors early in the trading day, Yahoo Finance's Kevin Chupka reported that Carl Icahn has "absolutely no interest in Whole Foods whatsoever," citing sources familiar with the situation.

PRICE ACTION: In midday trading, shares of Whole Foods are off their highs, but remained up 63c, or 1.7%, at $38.58 per share.

Reporting by Jason Keil.

The Fly provides comprehensive coverage of stock news and Street research and delivers it in real-time. The Fly breaks market-moving news and explains sudden stock movements in a rapid-fire, short-form story format. Follow @theflynews on Twitter. For a free trial, click here.

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