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Spartannash Co Shares Down 46.5% Since SmarTrend's Sell Call (SPTN)

By Amy Schwartz

SmarTrend identified a Downtrend for Spartannash Co (NASDAQ:SPTN) on March 12th, 2019 at $16.94. In approximately 5 months, Spartannash Co has returned 46.52% as of today's recent price of $9.06.

Spartannash Co share prices have moved between a 52-week high of $24.31 and a 52-week low of $8.92 and are now trading 2% above that low price at $9.06 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.8%.

SpartanNash Company distributes and retails grocery products. It operates in three segments: Food Distribution, Military, and Retail. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, health and beauty care, and pharmacy products to independent retail locations, food service distributors, and corporate-owned retail stores.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Spartannash Co.

Log in and add Spartannash Co (SPTN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights spartannash co

Ticker(s): SPTN