Price Action to Note: What’s Propelling SUPERVALU INC. to Increase So Much?

Price Action to Note: What's Propelling SUPERVALU INC. to Increase So Much?

The stock of SUPERVALU INC. (NYSE:SVU) is a huge mover today! About 4.17M shares traded hands or 17.46% up from the average. SUPERVALU INC. (NYSE:SVU) has declined 25.99% since April 4, 2016 and is downtrending. It has underperformed by 27.08% the S&P500.
The move comes after 9 months positive chart setup for the $1.11 billion company. It was reported on Nov, 4 by Barchart.com. We have $5.70 PT which if reached, will make NYSE:SVU worth $410.70 million more.

SUPERVALU INC. (NYSE:SVU) Ratings Coverage

Out of 5 analysts covering Supervalu Inc. (NYSE:SVU), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Supervalu Inc. has been the topic of 15 analyst reports since July 24, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained SUPERVALU INC. (NYSE:SVU) on Friday, September 9 with “Sector Perform” rating. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, October 22. On Wednesday, July 29 the stock rating was upgraded by Morgan Stanley to “Equal Weight”. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets. Telsey Advisory Group maintained it with “Market Perform” rating and $5.50 target price in Friday, September 9 report. The firm earned “Outperform” rating on Wednesday, July 29 by Telsey Advisory Group. The stock has “Market Perform” rating given by Telsey Advisory Group on Thursday, January 14. Pivotal Research initiated it with “Buy” rating and $1 target price in Friday, July 24 report. The rating was maintained by Pivotal Research with “Buy” on Thursday, January 14. The stock of SUPERVALU INC. (NYSE:SVU) has “Buy” rating given on Thursday, January 14 by Deutsche Bank.

According to Zacks Investment Research, “SUPERVALU is one of the nation’s largest supermarket retailer and largest food distributor. The company conducts its retail operations under three principal store formats: price uperstores, under such retail banners as Cub Foods, Shop `n Save, Shoppers Food Warehouse, Metro and biggs. Also, the company sells food and non-food products at wholesale throughout the United States to retail food stores, mass merchants and through other logistics arrangements. The company’s plans include growing its retail operations through new store development and acquisitions.”

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.27, from 0.89 in 2016Q1. The ratio is positive, as 37 funds sold all SUPERVALU INC. shares owned while 66 reduced positions. 30 funds bought stakes while 89 increased positions. They now own 216.04 million shares or 4.06% less from 225.19 million shares in 2016Q1.
Ameriprise accumulated 1.80 million shares or 0% of the stock. Moreover, Cetera Advisor Limited Company has 0% invested in SUPERVALU INC. (NYSE:SVU) for 16,517 shares. Swiss Natl Bank holds 452,500 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa accumulated 164,192 shares or 0% of the stock. Mitsubishi Ufj & Banking owns 21,481 shares or 0% of their US portfolio. The Massachusetts-based Btim has invested 0% in SUPERVALU INC. (NYSE:SVU). Creative Planning has 0% invested in the company for 2,453 shares. Bogle Investment Management Lp De reported 1.66 million shares or 0.54% of all its holdings. The Connecticut-based Greenwich Wealth Mgmt Ltd Liability has invested 0.34% in SUPERVALU INC. (NYSE:SVU). Moreover, Clinton Grp Incorporated has 0.01% invested in SUPERVALU INC. (NYSE:SVU) for 29,670 shares. Dimensional Fund Advisors Limited Partnership last reported 0.01% of its portfolio in the stock. Price T Rowe Assocs Md last reported 172,093 shares in the company. Wells Fargo Co Mn accumulated 0.01% or 3.04M shares. Legal & General Public Limited Company last reported 0% of its portfolio in the stock. Royal Financial Bank Of Canada reported 29,498 shares or 0% of all its holdings.

Another recent and important SUPERVALU INC. (NYSE:SVU) news was published by Businesswire.com which published an article titled: “SUPERVALU Announces Sale of Save-A-Lot Business for $1.365 Billion” on October 17, 2016.

SVU Company Profile

SUPERVALU INC., incorporated on December 28, 1925, is a wholesale distributor to independent retail clients across the United States. The Firm leverages its distribution activities by providing wholesale distribution and logistics service solutions to independent retail clients and Save-A-Lot licensee customers, as well as wholesale distribution to the Company’s Retail and Save-A-Lot corporate stores. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail.

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