Down 3.8% in September, is the Coles share price run coming to an end?

A photo of a young couple who are purchasing fruits and vegetables at a market shop.

Image source: Getty Images

Earlier today, we looked at the miserable performance of Woolworths Group Ltd (ASX: WOW) over September. Last month saw the ‘Fresh Food People’ lose a nasty 7.3%. It’s arguably only fair to check out its arch-rival Coles Group Ltd (ASX: COL), and dig into how the Coles share price navigated a choppy September.

As we discussed this afternoon, September wasn’t a great month for most ASX 200 blue chips. The S&P/ASX 200 Index (ASX: XJO) ended up dropping by 1.4% over the month just gone. Given this environment, it was always going to be tough for a prominent stock like Coles to beat the market and record a positive performance.

But let’s get to the numbers. So the Coles share price began September at…

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