Publix is a grocery store chain based in Florida. As of 2019, Publix has 1,242 stores in the United States. The company also has operations in Georgia, Alabama, South Carolina, Tennessee, and Virginia.
In May 2019, Publix was ranked #87 on Fortune magazine’s list of the “100 Best Companies to Work For”. This was the 21st time the company had been included on the list.
In October 2019, Publix announced that it would be acquiring the grocery store chain Lucky’s Market. The deal is expected to be completed in early 2020.
Publix stock is publicly traded on the NASDAQ under the ticker symbol PUSH. As of January 2020, the stock is trading at $37.38 per share.
The company has a market capitalization of $18.73 billion and a price-to-earnings ratio of 22.85.
Publix stock has outperformed the broader market over the past five years, gaining approximately 85% since 2015 while the S&P 500 index has gained approximately 60% over the same period.
Is Publix stock going up?
Yes, Publix stock is going up because the company has a strong track record and is expanding its operations.