Reached Our Target Price
Apr 21, 2020 by InvestorDestination Team
As the number of COVD-19 cases in the US is growing, there is an increasing number of consumers who are doing online grocery shopping. Grocery retailers are focused on serving their customers safely and keeping their employees and communities safe. Sprouts Farmers Market is expanding its grocery pick up services to all its stores and starting curbside pick up in a few stores. However, its stock price reached our short-term target price, so we are exiting our new position.
To read reasons behind this buy click here
Disclaimer : InvestorDestination.com is not operated by a broker, a dealer, or a registered investment advisor. Under no circumstances does any information posted on investordestination.com represent a recommendation to buy or sell a security. In no event shall investordestination.com be liable to any visitor or third party for any damages of any kind arising out of the use of any content published or available on investordestination.com, or relating to the use of, or inability to use, investordestination.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.