Woolworths (OTCMKTS:WLWHY) Shares Gap Down – Here’s Why

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $2.4950, but opened at $2.1030. Woolworths shares last traded at $2.1030, with a volume of 607 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered shares of Woolworths from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Woolworths has a consensus rating of “Hold”.

Check Out Our Latest Report on WLWHY

Woolworths Stock Performance

The firm’s fifty day moving average price is $2.76 and its 200 day moving average price is $3.09.

About Woolworths

(Get Free Report)

Woolworths Group Limited is an Australia-based retail company that operates supermarkets, convenience stores and general merchandise businesses. Its Australian food operations trade primarily under the Woolworths and Woolworths Metro brands, offering groceries, fresh food, household products and everyday essentials through physical stores and online channels.

The group also operates food retail businesses in New Zealand under the Woolworths brand, following the rebranding of its Countdown supermarkets.

See Also

Receive News & Ratings for Woolworths Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Woolworths and related companies with MarketBeat.com's FREE daily email newsletter.