Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Kroger Co. shares valued at $2,917,774 were sold by Massa Timothy A on Apr 21. At $58.03 per share, Massa Timothy A sold 50,283 shares. The insider’s holdings dropped to 163,956 shares worth approximately $7.83 million following the completion of this transaction.
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Also, COSSET YAEL sold 34,812 shares, netting a total of over 2,071,244 in proceeds. Following the sale of shares at $59.50 each, the insider now holds 140,477 shares.
Before that, Aitken Stuart had sold 44,593 shares from its account. In a trade valued at $2,658,456, the Senior Vice President traded The Kroger Co. shares for $59.62 each. Upon closing the transaction, the insider’s holdings decreased to 44,593 shares, worth approximately $7.74 million.
As published in a research note from Exane BNP Paribas on April 22, 2022, The Kroger Co. [KR] has been rated up from an Underperform to a Neutral and the price target has been revised to $60. This represents a 20.45% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of March 04, 2022, Telsey Advisory Group has reiterated its “an Outperform” rating for KR. Earlier on March 01, 2022, Telsey Advisory Group upgraded its rating. Their new recommendation was “an Outperform” for KR stock which previously was a “a Market perform”.
Analyzing KR’s Price Performance
On Thursday, The Kroger Co. [NYSE: KR] rose 0.82% to $47.73. The stock’s lowest price that day was $47.38, but it reached a high of $48.42 in the same session. During the last five days, there has been a drop of approximately -6.19%. Over the course of the year, The Kroger Co. shares have jumped approximately 5.46%. Shares of the company reached a 52-week high of $62.78 on 04/08/22 and a 52-week low of $42.70 on 01/31/22. A 50-day SMA is recorded $53.00, while a 200-day SMA reached $47.69. Nevertheless, trading volume fell to 6.22 million shares from 5.21 million shares the previous day.
Support And Resistance Levels for The Kroger Co. (KR)
According to the 24-hour chart, there is a support level at 47.27, which, if violated, would cause prices to drop to 46.80. In the upper region, resistance lies at 48.31. The next price resistance is at 48.88. RSI (Relative Strength Index) is 38.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.22, which suggests the price will decrease in the coming days. Percent R is at 73.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is The Kroger Co. subject to short interest?
Stocks of The Kroger Co. saw a sharp steep in short interest on May 30, 2022 dropping by 70000.0 shares to 22.62 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 22.69 million shares. A decline of -0.31% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.06 of the overall float, the days-to-cover ratio (short ratio) decline to 3.06.
Which companies own the most shares of The Kroger Co. (KR)?
According to The Vanguard Group, Inc. filings, the company currently owns 78,320,310 shares, which is about 10.84% of the total KR shares outstanding. The investor’s shares have appreciated by 2,162,246 from its previous 13-F filing of 76158064.0 shares. With the completion of the sale transaction, Berkshire Hathaway, Inc.’s stake is now worth $3,071,479,381. BlackRock Fund Advisors reduced a -1.71% interest valued at $2.59 billion while SSgA Funds Management, Inc. purchased a 590,838 stake. A total of 1,355,600 shares of The Kroger Co. were bought by Capital Research & Management Co during the quarter, and -1,222,800 were sold by Renaissance Technologies LLC. In its current portfolio, LSV Asset Management holds 13,781,218 shares valued at $729.99 million.
In spite of this, 26 analysts ranked The Kroger Co. stock as a Hold at the end of 2022. On March 01, 2022, Evercore ISI assigned a price target of “an In-line” to the stock and reiterated coverage with a $50.