- Barrons.com•8 hours ago
Woolworths (WOW.AU) is up 5% in Sydney trading after the beleaguered supermarket operator unveiled AUD959 million in write-offs and plans to slash 500 jobs. Owner of one of Australia's two large supermarket chains, Woolworths reputation as a well-run and defensive stock has been eviscerated in recent years amid its capital destroying foray into hardware retailing, and as its rival Coles - owned by Wesfarmers (WES.AU) - revitalized its business. New CEO Brad Banducci faces a tough task in turning around a stock that has lost 40% of its value since 2014.
- Bloomberg•10 hours ago
Woolworths Ltd. jumped the most in almost two decades in Sydney trading after Chief Executive Officer Brad Banducci pledged to overhaul the struggling Australian supermarket chain with asset write offs, ...
|52wk Range||20.30 - 29.22|
|Day's Range||23.01 - 24.37|
|Avg Vol (3m)||2,967,825|
As of 2:10 AM EDT. Market closed.