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
Why are the supermarket share prices not that far off 1 year...
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Last
$16.30 |
Change
-0.140(0.85%) |
Mkt cap ! $21.83B | |||
| Open | High | Low | Value | Volume |
| $16.45 | $16.48 | $16.25 | $28.27M | 1.729M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12985 | $16.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.30 | 9308 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$16.28 |
Change
-0.140 ( 1.38 %) |
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| Open | High | Low | Volume | ||
| $16.47 | $16.47 | $16.25 | 319547 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| COL (ASX) Chart |