EQUITIES Rx (VIPPS INDEX) For 2011

[ICEQUITY]

Supervalu (NYSE: SVU) Hits New 52-Week Low at $7.15
January 19th, 2011

Shares of Supervalu (NYSE: SVU) hit a new 52-week low on Wednesday. The stock traded as low as $7.15 during mid-day trading and last traded at $7.25. The stock previously closed at $7.43.

On a related note, analysts at Jefferies cut their price target on shares of Supervalu from $12.00 to $8.00 in a research note to investors on Thursday, January 13rd. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Supervalu from $11.00 to $8.00 in a research note to investors on Wednesday, January 12nd. They now have an “equal weight” rating on the stock.

SUPERVALU INC. (SUPERVALU) is a United States grocery channel. SUPERVALU conducts its retail operations under the Acme, Albertsons, Bristol Farms, Cub Foods, Farm Fresh, Hornbacher’s, Jewel-Osco, Lucky, Save-A-Lot, Shaw’s, Shop ’n Save, Shoppers Food & Pharmacy and Star Market banners as well as in-store pharmacies under the Osco and Sav-on banners. Additionally, the Company provides supply chain services, primarily wholesale distribution, across the United States retail grocery channel. The Company leverages its distribution operations by providing wholesale distribution and logistics and service solutions to its independent retail customers through its Supply chain services segment. It operates in two segments: Retail food and Supply chain services. During the fiscal year ended February 27, 2010 (fiscal 2009), the Company added 40 stores through store development and closed or sold 112 stores, including planned disposals.

Supervalu (NYSE: SVU) traded down 2.29% during mid-day trading on Wednesday. The stock has a 52 week low of $7.34 and a 52 week high of $17.89. Its 50-day moving average is $8.70 and its 200-day moving average is $10.31. The company has a market cap of $1.540 billion and a price-to-earnings ratio of N/A.

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http://www.americanbankingnews.com/2011/01/19/supervalu-nyse-svu-hits-new-52-week-low-at-7-15/