SUPERVALU Stock Gaps Down On Today's Open (SVU)
NEW YORK (TheStreet) -- Shares of SUPERVALU (NYSE:SVU) were gapping down Wednesday morning with an open price 10.5% lower than Tuesday's closing price. The stock closed at $8.39 Tuesday and opened today's trading at $7.51. The average volume for SUPERVALU has been 5.3 million shares per day over the past 30 days. SUPERVALU has a market cap of $1.75 billion and is part of the services sector and retail industry. Shares are up 3.3% year to date as of the close of trading on Tuesday. SUPERVALU INC., together with its subsidiaries, operates retail food stores in the United States. Its stores offer grocery, general merchandise, health and beauty care, pharmacy, and fuel products. The company has a P/E ratio of 64.5, above the average retail industry P/E ratio of 63.3 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates SUPERVALU as a sell. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself, generally weak debt management, poor profit margins and weak operating cash flow. You can view the full SUPERVALU Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.
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