Question

What has been the main driver(s) or influences Woolworths’s share price movement over the past 6 months? What do you think will impact the share price in the future?

Answer 1

The one of the most important drivers is the COVID-19. It has led to the imposition of lockdowns and curfews in most countries and led to the closure of the shops and restaurants and now people were not allowed to move out of their homes. Also people were not allowed to have gatherings or go to the offices. The retail stores were not allowed to open and also the government provided the essential commodities to the people at their homes.

Also with the situations improving in future and the lifting of the lockdowns more people will come out of their homes and go to the reatil stores to buy things of their choice. Also with the fear gripped in people of the Virus people will start stocking commodities which will boost sales alarmingly. So the futures of the stock shall have positive impact