Why are the supermarket share prices not that far off 1 year lows?
Even when times are tough, people still need to eat and buy a lot of the other products these retailers sell eg toilet paper, tooth brushes etc etc
I hold COL and MTS and am just surprised that the share prices are not doing better - that includes WOW too
I could understand HVN being hit as a lot of spending in his stores is discretionary
Obviously ALL major stocks are down from their highs in January this year, but don't get why supermarket stocks are struggling
I know supermarkets are not as sexy as Lithium etc, and don't get too much attention, but would be interested to hear other people's thoughts
Cheers
GF
Coles (WOW & MTS)
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Last
$16.09 |
Change
-0.310(1.89%) |
Mkt cap ! $21.55B | |||
| Open | High | Low | Value | Volume |
| $16.44 | $16.44 | $16.00 | $98.41M | 6.110M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8350 | $16.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.10 | 2461 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$16.11 |
Change
-0.310 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $16.40 | $16.40 | $16.01 | 897833 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| COL (ASX) Chart |