Axfood AB (Current market cap: 55.73 billion SEK as of September 28, 2023) is a renowned Swedish food retailer, catering to more than two million customers every week through numerous food stores and e-commerce channels. The company's history dates back to 1963 when two businessmen, Christer and Lars Lundquist, founded it as Dagab AB. Since then, it has achieved significant growth and transformation and today trades on the Stockholm Stock Exchange under the ticker symbol AXFO.SE. Axfood AB joined the Sweden 30 index, the top 30 most traded and highest valued companies at the Stockholm Stock Exchange, in 2017 due to its exceptional performance and growth.
Axfood AB stock has been quite volatile over the past five years, with its lowest stock price reaching 144.2 SEK in October 2018 and highest stock price reaching 335.6 SEK in August 2022.
If you are a trader, you may want to consider using various trading strategies when trading Axfood AB stock. For instance, day traders may want to focus on scalping trading, which involves buying and selling stocks quickly to capture small gains. On the other hand, swing traders may want to hold onto their positions for a few weeks to a few months, depending on their strategy. Additionally, copy trading may be an option for traders who want to learn from the best, copying trades from successful traders in the market. To better analyse the stock, traders may also want to consider using different tools and indicators, including Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD) and others. RSI for instance measures the stock's price momentum, telling traders if the stock is overbought or oversold.
Axfood AB's competitors in the retail space include but not limited to:
- Metro Wholesale (B4B.DE) is a Germany-based multinational company engaged in the food wholesale business. With 661 stores and supply depots under various brand names like METRO and MAKRO, Metro AG serves hotels, restaurants, and caterers. As a leader in wholesale and foodservice distribution, the company focuses on meeting the diverse needs of its customers in the food industry.
- Kroger Co (KR.US) is an American retail company operating grocery stores across multiple formats. With a strong presence in the United States, Kroger offers a wide range of products, including food, household items, and pharmacy services. Known for its commitment to customer satisfaction and innovation, Kroger continues to serve communities by providing quality products and convenient shopping experiences.
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