SUPERVALU INC. (NYSE:SVU) rebounds after responding to false media reports

  on Dec 03,2012 Posted in Business News ,Finance
 
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SUPERVALU INC. (NYSE:SVU) rebounded from a fall of about 20 percent right before the close of business Thursday after Bloomberg reported that takeover talks between the company and private equity firm Cerberus Capital Partners had delayed. But Supervalu published a statement Thursday evening that the previously declared review of strategic alternatives is taking place. The Minneapolis / St. Paul Business Journal reported that the company continues to be in active talk with several parties.

The Bloomberg report claimed that Cerberus is finding it difficult to finance the deal, because potential lenders were not sure how Supervalu will repay loans if revenue shrinks. Eden Prairie, Minn.-based Supervalu (NYSE: SVU) has been trying to sell itself since July but its assets diversity made it difficult to find a single buyer.

SUPERVALU INC. (NYSE:SVU) kept volume of 8.59 million shares which was higher than its average volume of 7.44 million shares. The stock after opening at $2.39 touched high price of $2.43 and settled at $2.38 after gaining 4.39%.

In the liquidity ratios, the company booked 0.98 as current ratio. The Company had overall cash of $148.00 million at hand and a book value per share as -$0.13 in the most recent quarter.

Measuring SUPERVALU Inc.’s competitiveness with another firm across its sector, SVU stock is lagging behind from its 200 day moving average with -40.80% while the stock is moving down from SMA50 with -6.05% and traded at lowest level during the previous trading session at $2.34.

Shares of the company hit the 52 weeks low range with $1.68 per share while its 52 weeks high level was $8.57, which compares with last trade ending price of $2.38.

Its competitors The Kroger Co. (NYSE:KR) shares were up from 200 day moving average of 13.90% and traded as low as $25.85 per share in the last session and Safeway Inc. (NYSE:SWY) shares were down from 200 day moving average of -3.96% and traded as low as $16.91 per share in the last session.

 



 

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