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Updated · MarketWatch · May 8J Sainsbury shares fall 1.75% in weak London market
11 articles · Updated · MarketWatch · May 8
- The stock closed at £3.14 on Friday as the FTSE 100 slipped 0.43% to 10,233.07.
- Sainsbury underperformed the broader market and ended 15.38% below its 52-week high of £3.71 reached on 19 December.
- Trading volume was 7.3 million shares, below the 50-day average of 8.1 million, indicating lighter-than-usual activity during the decline.
Sainsbury's promises big shareholder returns while profits miss targets. Is this promise a sustainable strategy or a very risky gamble? With Mideast conflict fueling inflation, can Sainsbury's shield customers from soaring food prices while its own profits are under pressure? Sainsbury's is gaining in groceries but falling behind with Argos. Is its new strategy neglecting the company's weakest link?