Whole Foods Takes Dive as Stock Sell-off Continues
Oct 10, 2008 6:00 AM
NEW YORK — Supermarket stocks suffered a tumble along with the broader market Thursday as investors continued to sell. The Dow Jones industrials closed down more than 600 points to their lowest level in five years, and the S&P 500 plummeted by more than 6%. Supermarket retailers Whole Foods Markets (down 13.3%), Supervalu (down 11.3%) and A&P (down 9.6%) all suffered steep drops. Whole Foods closed at $15.04 — its lowest level in more than a decade and down more than 71% from its 52-week high. A&P and Supervalu also closed at new 52-week lows.
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