Woolworths Group (OTCMKTS:WOLWF) Shares Up 12% – Here’s What Happened

Woolworths Group Limited (OTCMKTS:WOLWFGet Free Report) shares were up 12% on Thursday . The stock traded as high as $18.53 and last traded at $18.53. Approximately 833 shares traded hands during mid-day trading, a decline of 42% from the average daily volume of 1,443 shares. The stock had previously closed at $16.55.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada started coverage on Woolworths Group in a research report on Tuesday, March 4th. They issued a “sector perform” rating and a $31.00 price target for the company.

Get Our Latest Stock Report on WOLWF

Woolworths Group Price Performance

The company’s 50-day moving average is $18.22 and its two-hundred day moving average is $19.68.

About Woolworths Group

(Get Free Report)

Woolworths Group Limited operates retail stores in Australia and New Zealand. It operates through Australian Food, Australian B2B, New Zealand Food, BIG W, and Other segments. The Australian Food segment procures and resells food and related products, and provides services to customers in Australia. The Australian B2B segment engages in procurement and distribution of food and related products for resale to other businesses, as well as provision of supply chain services to business customers in Australia.

Further Reading

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