July 23, 2017

Grocery Tracker: UberEATS In India

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By UberEATS (Own work) [CC BY-SA 4.0], via Wikimedia Commons

First up, here’s a look at which grocery stocks saw flowers in the first week of May trading.

Whole Foods (WFM) stock has remained relatively flat into may as investors wait to see what the next moves will be from the organic grocer. The company is experiencing more pressure to sell from investors as New York–based mutual fund manager Neuberger Berman, which has a 2.4 percent stake in the organic grocer, urges the board to “immediately engage advisers” to review their options. Options that include, said The Wall Street Journal , a sale or a joint venture.

Kroger (KR), Albertsons and Amazon are all in the mix as potential buyers. At the time of writing, WFM was trading at $26.70, up 0.04 percent from Thursday’s (May 4) close and relatively unchanged from the opening bell in the last week of April.

Costco (COST) looked to finish the week on an up note after hitting all-time highs during mid-week trading. The big-box giant saw share values rise above $182 on Thursday morning, holding steady there until Friday rolled around. At the time of writing, COST was trading at $180.42, down 1.11 percent and teetering on the edge of falling further, though it […]

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