A&P'S STOCK PLUNGE CONTINUES MONTVALE, N.J. — Stock in A&P here, in free fall since the summer, tumbled by more than 26% last Wednesday to close at its lowest levels in more than five years. Funds associated with the Tengelmann Group, the retailer's largest owner, have been vigorously buying its stock on the open market as hedge funds and other investors have liquidated their holdings. Last Wednesday, more than 1.3 million shares traded hands as the stock closed at $4.26 a share — ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.