Can you buy Safeway stock? (all you need to know)
Investing in businesses like Walmart, Costco, and other retail and grocery stores has proven successful for many because of the high sales they generate.
If you’re interested in investing in a similar company, you might be wondering if Safeway sells its stock on the stock market. If so, read on to find out what I know about Safeways stock in this article!
Can you buy Safeway stock?
In 2015, Safeway ceased public trading on the New York Stock Exchange. Since then, it has remained a private company, trading and investing in shares directly through Safeway. However, Safeway’s parent company, Albertsons Companies, remains publicly traded on the New York Stock Exchange.
If you want to learn more about who owns Safeway stock, how to invest in Albertsons stock, which stocks are similar to Safeway, and more, keep reading!
Who owns Safeway stock?
Safeway is now owned by Albertsons Companies/Sobeys, who own all of Safeway’s stock and investments.
Since Safeway is no longer traded on the stock exchange, individuals can only invest in the company through a private transaction with the Albertsons.
It is also possible for Safeway employees and store managers to invest stock in the company shortly after being hired.
However, there is currently no specific information to confirm whether Safeway employees have this option.
Can you buy Albertsons stock?
Although Safeway no longer trades on the New York Stock Exchange, its parent company, Albertsons, still trades.
Albertsons Companies only recently resumed public trading, but customers can still buy shares in the company.
To purchase shares of Albertsons Companies, a potential investor must do the following:
- First, investors must choose a trading desk platform. Firms such as Wealthsimple Trade and Interactive Brokers are good choices because of their user-friendly setup.
- After choosing a platform, investors must create an account on the trading platform. In order to create an account, investors must enter their ID, bank details and National Insurance number.
- After creating an account, investors must confirm their source of payment by bank transfer or debit/credit card.
- Once the account is activated, investors can search for Albertsons shares by entering the ticker symbol. Albertson code is ACI.
- After searching for a company symbol, investors can scroll through the various stocks available. Once they have chosen the stock of their choice, they can buy it.
Can you buy Albertsons shares in Canada?
Albertsons Companies stock can be purchased through a number of different Canadian stock trading platforms.
Banks such as CIBC and Scotiabank have set up investment platforms through their companies, aiming to provide a user-friendly experience for beginners.
Scotia iTrade offers practice accounts for individuals new to stock trading and is recommended for those who have only basic knowledge of stock exchange investing.
It should be noted that while shares of Albertsons Companies are available in Canada, investors must pay for their shares in U.S. dollars.
What stocks are similar to Safeway?
While Safeway customers can only trade through Albertsons Companies, many other grocery stores, such as Safeway, currently trade on the stock exchange.
However, investors should keep in mind that the following company’s stock holdings may change in the future. These companies are as follows:
Kroger
Kroger, a grocer known for its selection of fresh foods, is currently the largest grocery chain in North America. They are publicly traded under the ticker symbol KR.
Whole Foods/Amazon
Whole Foods is an Amazon-owned grocery chain that specializes in organic foods and store-brand products.
While Whole Foods is no longer publicly traded on the stock exchange, investors can buy Whole Foods stock through its parent company, Amazon.
Amazon also has its own grocery store, Amazon Fresh, through which investors can buy shares.
walmart
Walmart is a multi-segment retailer with stores in the United States and Canada.
Investors can enter the fare search by searching for WMT on the platform of their choice to purchase shares through their company.
If you want to learn more about Safeway, you can also check out our related articles on when Safeway restocks, whether Safeway is owned by Kroger, and whether Safeway gas is top tier.
in conclusion
Unfortunately, Safeway is no longer publicly traded on the NYSE.
However, their parent company, the Albertsons Companies, trades on the stock market, so investors can buy Safeway stock indirectly through them.
Besides Safeway, other grocery stores like Walmart, Kroger, and Whole Foods/Amazon are also currently trading on the stock exchange.
