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Village Super Market, Inc.
Village Super Market, Inc. (NASDAQ: VLGEA) operates a ShopRite grocery chain, with locations in northern and southern New Jersey, Maryland, and northeastern Pennsylvania. Wakefern Food Corporation (Wakefern) owns the ShopRite brand and is the nation's largest retailer-owned food cooperative. It has one operating segment: the retail sale of food and non-food products.
Why Should Investors Exit?
Stock Recommendation:
VLGEA's stock price largely remained stable; however, it declined 5.67% in the past month. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 49.04. Considering the rise in US food inflation, bottom line stress, macro headwinds, and decline in the cash balance, we recommend a "Sell" rating on the stock at the closing price of USD 22.30, down 0.22% as of February 03, 2022.
Three-Year Technical Price Chart (as of February 03, 2022). Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.