SuperValu (SVU) Shares are Down -0.38%

SuperValu (SVU) has risen sharply, recording gains of 20% in the past 4 weeks. However, the stock has corrected -0.38% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.41% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

SuperValu (NYSE:SVU): The stock opened at $5.33 on Friday but the bulls could not build on the opening and the stock topped out at $5.34 for the day. The stock traded down to $5.22 during the day, due to lack of any buying support eventually closed down at $5.22 with a loss of -1.88% for the day. The stock had closed at $5.32 on the previous day. The total traded volume was 1,335,101 shares.

SuperValu

The stock has recorded a 20-day Moving Average of 5.21% and the 50-Day Moving Average is 9.42%. SUPERVALU Inc. has dropped 3.33% during the last 3-month period . Year-to-Date the stock performance stands at -23.01%.

SUPERVALU INC. (SUPERVALU) is a wholesale distributor to independent retail customers across the United States. The Company leverages its distribution operations by providing wholesale distribution and logistics service solutions to independent retail customers and Save-A-Lot licensees, as well as wholesale distribution to its Retail Food and Save-A-Lot stores. It operates in three segments: Independent Business, which is engaged in wholesale distribution and logistics service solutions to independently owned retail stores and other customers (collectively referred to as independent retail customers); Save-A-Lot, which is engaged in the sale of groceries at retail locations operated by the Company and from stores licensed by the Company, to which it provides wholesale distribution, and Retail Food, which is engaged in the sale of groceries and other products at retail locations operated by the Company.

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