SuperValu (SVU) Stock: Gaining On RBC Upgrade

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SuperValu Inc. (NYSE: SVU)

SuperValu is having an incredibly strong day in the market today. At the open, the stock was already trading in the green and has only climbed from there. Ultimately, the cause of the gains is an upgrade. As soon as the upgrade happened, the stock started spiking upward, causing our partners at Trade Ideas to alert us of the gains. At the moment (12:01), SVU is trading at $3.73 per share after a gain of $0.39 per share or 11.68% thus far today.





SVU Upgraded By RBC

As mentioned above, SuperValu is having an incredibly strong day in the market today as the result of an upgrade. The upgrade came from RBC Capital, who made the decision to increase the rating on the stock from a Sector Perform to an Outperform. Of course, the upgrade let to a frenzy among investors, causing the stock to fly.




What Do You Think?

Where do you think SVU is headed moving forward? Join the discussion in the comments below!

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[Image Courtesy of Pixabay]

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