Grocery Outlet (GO) Falls 19% in 3 Months: What's Ailing It?

Grocery Outlet Holding Corp. (GO) has faced a tough period, with its stock declining significantly by 19.4% over the past three months. This decline is notably steeper compared to the industry's marginal growth of 0.6%, and the substantial 7.6% increase in the S&P 500 during the same timeframe. The current stock price is also down 40% from its 52-week high of $36.54. Grocery Outlet is currently trading below both its 50-day and 200-day moving averages, which highlights the company's potential bearish sentim ...