Shares of Safeway Inc. (NYSE: SWY) plunged $2.25 to close at $15.73 after rival Supervalu Inc. (NYSE: SVU) reported sharply lower earnings that missed estimates by a wide margin. Supervalu stock plummeted $2.60 to close at $2.69.
Safeway Drops After Supervalu Misses By Wide Margin
July 12, 2012 at 19:13 PM EDT
