The stock is trying to put in a bottom and the recent upbeat earnings may have attracted the attention of some new investors. THE OBV has shown strength for some time while the price has continued to drop which id is bullish and a reversal signal.
Seeking alpha earnings article = Grocery Outlet Holding (NASDAQ:GO) reports comparable sales increased 5.8% in Q3. Adjusted EBITDA was up 13.2% to 44.2M during the quarter. Looking ahead, Grocery Outlet sees full-year sales of 2.50B to 2.53B vs. prior guidance for a tally above 2.55B. Adjusted EBITDA of 162M to 165.5M is anticipated vs. 167M to 168M prior view. Company profile Grocery Outlet Holding Corp. engages in the operation of retail stores. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.