Why is the Woolworths share price at its lowest point since 2020?
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The S&P/ASX 200 Index (ASX: XJO) is wrapping up the trading week on a decidedly sour note this Friday. At the time of writing, the ASX 200 has dropped by a painful 0.99% and is back below 8,100 points. But let’s talk about what’s going on with the Woolworths Group Ltd (ASX: WOW) share price.
Woolworths shares are having an awful day. On the surface, it doesn’t look too severe, with the supermarket operator and consumer staples stock outperforming the broader market with a 0.37% loss. But this pulls Woolworths shares down to $29.85 each. That’s after the company sank as low as $29.75 earlier this morning.
Not only is that a new 52-week low for the Woolworths share price, but the lowest this company has traded…
