Shares of Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Free Report) rose 0.8% on Wednesday. The company traded as high as $19.40 and last traded at $19.40. 6,391 shares were traded during trading, an increase of 69% from the average session volume of 3,784 shares. The stock had previously closed at $19.24.
Shoprite Trading Up 1.0%
The firm’s fifty day moving average is $19.04 and its 200 day moving average is $17.94.
About Shoprite
Shoprite Holdings Limited is a South African retail group that operates supermarkets, convenience stores, furniture outlets and related retail businesses. Its operations serve consumers across a range of income levels through brands including Shoprite, Checkers, Usave and OK. The group sells groceries, fresh produce, household goods, general merchandise and selected liquor products, with additional services such as money transfers, cellular products and other consumer-focused offerings.
Founded in 1979, Shoprite has grown from a small Western Cape supermarket chain into one of Africa’s largest food retailers.
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