Woolworths Group (OTCMKTS:WOLWF) Stock Price Down 3.4% – Here’s What Happened

Woolworths Group Limited (OTCMKTS:WOLWF) shares dropped 3.4% on Wednesday . The company traded as low as $29.1262 and last traded at $29.1262. 471 shares were traded during trading, an increase of 11% from the average session volume of 426 shares. The stock had previously closed at $30.16.

Wall Street Analyst Weigh In

A number of analysts have commented on WOLWF shares. Citigroup cut shares of Woolworths Group to a “sell” rating in a research note on Wednesday, July 15th. The Goldman Sachs Group cut shares of Woolworths Group from a “buy” rating to a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $37.00.

Woolworths Group Stock Down 3.4%

The business has a 50 day moving average of $27.72 and a two-hundred day moving average of $24.84.

About Woolworths Group

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.