Woolworths Group (OTCMKTS:WOLWF) Shares Down 4.6% – Should You Sell?

Woolworths Group Limited (OTCMKTS:WOLWF) fell 4.6% on Friday . The stock traded as low as $20.94 and last traded at $20.94. 300 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 686 shares. The stock had previously closed at $21.95.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Woolworths Group in a research report on Monday, January 19th. They issued a “buy” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $34.00.

Woolworths Group Price Performance

The stock has a fifty day moving average price of $20.22 and a 200-day moving average price of $19.10.

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.