The Great Atlantic and Pacific Tea Company Up 9% Today (GAP, WFMI)

The Great Atlantic and Pacific Tea Company (NYSE: GAP), better known for it's A&P, Waldbaums, and Pathmark Grocery stores, was up 9% today on slightly higher than normal volume.

The company did not report any news today. Over the past 2 years the company's stock is down 72%, compared to the S&P 500 30% decline.

Changing customer trends to more upscale and organic grocers such as Wholefoods (NASDAQ: WFMI) and Wegmans along with high competition among other traditional grocery stores has hurt GAP over the past several years.