Over 1 Year Ago
1 Min Read

GO down -7%. A look at what's happening:



Grocery Outlet Holding Corp (GO) is trading -7% lower at $38.62 today. While it's generally been a somewhat bearish day for this part of the market, the company is stumbling behind it's peers in the Consumer Staples sector.

  • Morgan Stanley has lowered its rating on Grocery Outlet Holding to Underweight from Equal Weight, saying the stock is priced for perfection.

Grocery Outlet Holding Corp has been trading between a 52-week high of $46.37 and a 52-week low of $21.01. The stock has a market cap of $3.74 Billion.

Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 375 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada.

Headlines


Futures Flat As Traders Freak Over Jackson Hawk
Zero Hedge 08-23-22

Grocery Outlet falls after Morgan Stanley turns bearish
Seeking Alpha 08-23-22

Morgan Stanley downgrades discount chain Grocery Outlet, saying it''s priced for perfection
CNBC 08-23-22

Morgan Stanley Downgrades Grocery Outlet Holding to Underweight
Investing.com 08-23-22

Grocery Outlet and DoorDash to offer same-day deliveries in US
Retail Insight Network 08-16-22