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Sprouts Farmers Market falls again

Published 08/28/2017, 10:19 AM
Sprouts Farmers Market falls again
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  • Sprouts Farmers Market (NASDAQ:SFM) is down another 6.0% as the grocery stocks continues to get sold off by investors over concerns on Amazon (NASDAQ:AMZN) lowering prices at Whole Foods.
  • Late last week, Jefferies came out in defense of the grocery sector, saying it didn't make sense to punish the stocks twice for the same reason.
  • Sprouts sold off in the days after the Amazon-Whole Foods decision was announced on the conclusion that organic food pricing from Seattle would get aggresssive.
  • Previously: Grocery sector reeling with Amazon hitting the ground running (Aug. 24)
  • Now read: I Bought Sprouts Before Wall Street Recognized Potential Buyout

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