Great Atlantic & Pacific Tea Co. Shares Popped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Great Atlantic & Pacific Tea Co. (NYSE: GAP  ) shares are up nearly 5.2% in afternoon trading on no news. 

So What: The company, which owns the A&P supermarket chain, reported a big quarterly loss last week, roughly double its loss a year ago, as sales continue to decline. Despite the gloom, investors were cheered by the company's progress with its turnaround. Since that report, Great Atlantic & Pacific Tea shares are up 20%.

Now What: Today's pop may reflect continued buying on the positive turnaround news reported last week, but keep an eye out for not yet released news.   

Interested in more info on Great Atlantic & Pacific? Add it to your watchlist here by clicking here.

Fool contributor, April Taylor, does not own shares of the companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (2) | Recommend This Article (1)

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  • Report this Comment On October 26, 2010, at 5:16 PM, EfficiencyExpert wrote:

    I have been involved in A & P's markets both with competitors and as a client for more than 40 years. It is amazing they have gone through a long series of executives all of the way back to Jonathan Scott and Grant Gentry and none of them have been able to turn the company around. Every company they have acquired (Farmer Jack, Waldbaum, Etc.,)they have managed to decrease sales and profits substantially within the first two years. They have never been focused on top line sales. I do not believe they will survive.

  • Report this Comment On December 10, 2010, at 8:02 PM, PENNYSTOCKLOVER wrote:

    Where is the faith? Only time will tell but A&P will survive. Many many MANY felt the same about Ford but look at Ford now RECOVERED and if you were lucky enough to get in on the 25 cent rock bottom.. Your feeling good now!

    So, let it drop a bit more and then don't miss out when it recovers. Because you will be mad...

    93 Cents today may go to 50 cents....

    WILL RECOVER

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