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

Woolworths Holdings Limited Sponsored ADR (OTCMKTS:WLWHY – Get Free Report) shares gapped down prior to trading 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 trading hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded 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, the company has an average rating of “Hold”.

Get Our Latest Stock Report on WLWHY

Woolworths Stock Up 9.3%

The stock has a fifty day moving average price of $2.78 and a 200-day moving average price of $3.11.

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.

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