Grocery Outlet Rallied 8% Last Week, Now Has to Hold Gains as Market Reopens Tuesday
Grocery Outlet Holding Corp. finished last week up 8.4%, closing at $8.02 on Friday, after a rough stretch that saw a 6.98% rally Tuesday followed by smaller moves. The shares posted a partial comeback but are still far from their 52-week high of $19.41. The company goes into a U.S. market holiday Monday with some ground regained. Trade resumes Tuesday for Grocery Outlet shares, with Nasdaq shut for Memorial Day on May 25 and the weekend before. Nasdaq’s regular cash-equity hours stay 9:30 a.m. to 4:00 p.m. Eastern.