Why did the Woolworths share price just hit a new 4-year low?
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The Woolworths Group Ltd (ASX: WOW) share price is under selling pressure on Monday despite no market-sensitive announcements.
Shares in the supermarket giant just hit another record low for November, falling to $29.42 apiece in today’s session, their lowest mark since the COVID-19 crash in March 2020. At the time of writing, WOW shares are trading at $29.44, down 1.37%.
The plunge reflects a mix of ongoing challenges the chain is facing, from industrial action threats to inflationary pressures, all of which have impacted investor confidence. Let’s see what’s happening for the Woolworths share price.
Why is the Woolworths share price down?
Woolworths shares are down on Monday despite no price-sensitive…
