Workflow
Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here?
GOGrocery Outlet(GO) ZACKS·2024-09-14 04:11

Grocery Outlet Holding Corp. (GO) has experienced a pullback in its share performance losing nearly half of its value and falling far below its 52-week high of $30.33, touched in last September. Currently trading at $16.27, the stock has seen a 46.4% drop from its peak. Over the past three months, Grocery Outlet shares have plunged 21.2%, underperforming the broader industry, which has risen 9.4% and the S&P 500, which posted a 2.7% return during the same period. The recent decline in share performance is a ...