Price Action To Observe: Today SUPERVALU INC. Stock Rises

Price Action To Observe: Today SUPERVALU INC. Stock Rises

The stock of SUPERVALU INC. (NYSE:SVU) is a huge mover today! About 1.53 million shares traded hands. SUPERVALU INC. (NYSE:SVU) has declined 16.06% since April 18, 2016 and is downtrending. It has underperformed by 20.50% the S&P500.
The move comes after 7 months positive chart setup for the $1.13 billion company. It was reported on Nov, 18 by Barchart.com. We have $7.71 PT which if reached, will make NYSE:SVU worth $734.50M 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. On Thursday, January 14 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of SUPERVALU INC. (NYSE:SVU) has “Sector Perform” rating given on Tuesday, October 20 by RBC Capital Markets. The firm has “Equal Weight” rating given on Wednesday, July 29 by Morgan Stanley. Pivotal Research initiated it with “Buy” rating and $1 target price in Friday, July 24 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, January 14. Telsey Advisory Group maintained SUPERVALU INC. (NYSE:SVU) on Friday, September 9 with “Market Perform” rating. The stock of SUPERVALU INC. (NYSE:SVU) earned “Outperform” rating by Telsey Advisory Group on Friday, January 8. RBC Capital Markets maintained it with “Sector Perform” rating and $6 target price in Friday, September 9 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, January 14. The stock of SUPERVALU INC. (NYSE:SVU) has “Buy” rating given on Thursday, January 14 by Pivotal Research.

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 decreased to 0.98 in Q2 2016. Its down 0.18, from 1.16 in 2016Q1. The ratio worsened, 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.
Pinnacle Holding Ltd Liability Corp last reported 0% of its portfolio in the stock. John G Ullman And Associates has 0.01% invested in the company for 10,000 shares. Gp One Trading Lp, a Illinois-based fund reported 80,552 shares. Ubs Asset Mngmt Americas Inc last reported 0% of its portfolio in the stock. Commercial Bank Of America De holds 0% or 651,512 shares in its portfolio. Ahl Partners Llp accumulated 331,975 shares or 0.08% of the stock. Aqr Capital Mgmt Lc accumulated 6.80M shares or 0.06% of the stock. North Tide Ltd Llc reported 24.50M shares or 12.89% of all its holdings. Ww Asset Mgmt has invested 0% of its portfolio in SUPERVALU INC. (NYSE:SVU). Hsbc Public Ltd Limited Liability Company accumulated 0% or 216,116 shares. Netols Asset Management Inc last reported 0.82% of its portfolio in the stock. Guggenheim Ltd accumulated 190,165 shares or 0% of the stock. Legal And General Grp Pcl, a United Kingdom-based fund reported 829,828 shares. Aperio Grp Inc Ltd Company owns 78,358 shares or 0% of their US portfolio. Benjamin F Edwards And owns 1,000 shares or 0% of their US portfolio.

More news for SUPERVALU INC. (NYSE:SVU) were recently published by: Businesswire.com, which released: “SUPERVALU Named Grocery Wholesaler by America’s Food Basket” on November 09, 2016. Fool.com‘s article titled: “Why Shares of Supervalu Inc Fell 14% in October” and published on November 07, 2016 is yet another important article.

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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