Why SUPERVALU INC. Stock Fell 25% Last Month
Shares of SUPERVALU INC. (NYSE: SVU) were getting hammered last month after the diversified supermarket chain posted weak guidance in its second-quarter earnings report as it struggles with broader shifts in the industry. According to data from S&P Global Market Intelligence, the stock finished October down 25%.
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As the chart below shows, the stock was on a downward trend for most of the month, but it plunged on October 18 after the earnings report came out.
Source: Fool.com