Monitoring The Kroger Co. (KR) after recent insider movements


The Kroger Co.’s filing revealed that its Senior Vice President Jabbar Valerie L. unloaded Company’s shares for reported $2.9 million on Mar 06. In the deal valued at $46.47 per share,62,414 shares were sold. As a result of this transaction, Jabbar Valerie L. now holds 63,079 shares worth roughly $ 2.96 million.

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Then, FIKE CARIN L sold 3,000 shares, generating $137,709 in total proceeds. Upon selling the shares at $45.90, the Vice President and Treasurer now owns 40,147 shares.

Before that, Adcock Mary Ellen sold 43,000 shares. The Kroger Co. shares valued at $1,903,610 were divested by the Senior Vice President at a price of $44.27 per share. As a result of the transaction, Adcock Mary Ellen now holds 135,611 shares, worth roughly $6.36 million.

JP Morgan upgraded its The Kroger Co. [KR] rating to an Overweight from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of 13.13 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid January from “an Underweight” to “an Equal-weight”. Bernstein began covering KR with “an Outperform” recommendation on December 06, 2022. Evercore ISI revised its rating on November 09, 2022. It rated KR as “an Outperform” which previously was an “an In-line”.

Price Performance Review of KR

On Tuesday, The Kroger Co. [NYSE:KR] saw its stock jump 0.93% to $46.91. On the same session, the stock had its day’s lowest price of $46.27, but rose to a high of $47.14. Over the last five days, the stock has gained 8.74%. The Kroger Co. shares have risen nearly 5.23% since the year began. Nevertheless, the stocks have fallen -20.41% over the past one year. While a 52-week high of $62.78 was reached on 03/07/23, a 52-week low of $41.81 was recorded on 03/01/23. SMA at 50 days reached $44.83, while 200 days put it at $46.79. A total of 8.26 million shares were traded, compared to the trading of 6.27 million shares in the previous session.

Levels Of Support And Resistance For KR Stock

The 24-hour chart illustrates a support level at 46.41, which if violated will result in even more drops to 45.90. On the upside, there is a resistance level at 47.28. A further resistance level may holdings at 47.64. The Relative Strength Index (RSI) on the 14-day chart is 65.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.32%. Stochastics %K at 89.27% indicates the stock is a selling.

How much short interest is there in The Kroger Co.?

A steep rise in short interest was recorded in The Kroger Co. stocks on Jan 30, 2023, dropping by -3.3 million shares to a total of 12.66 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 15.96 million shares. There was a decline of -26.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.2.

The Kroger Co. [KR] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 79,719,502 shares, or roughly 11.14% of the outstanding KR shares. In other words, the investor’s shares have risen by 1,120,199 from its previous 13-F filing of 78599303.0. Additionally, Berkshire Hathaway, Inc. decreased -0.53% of its stake after which the total value it holdings stand at $2,231,500,000, while BlackRock Fund Advisors added 1.83% of its stake to hold $1.99 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -1,046,215 shares of The Kroger Co., while Geode Capital Management LLC sold 41,424 shares. At present, Dimensional Fund Advisors LP is holding 11,573,330 shares valued at $516.52 million. Renaissance Technologies LLC owned 11,040,254 shares of the company at the time of its most recent 13F filing, worth $492.73 million.

According to FactSet, The Kroger Co.’s share price will average $51.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.88 percent from its previous closing price of $46.48. Analysts expect The Kroger Co. stock to reach the higher price of $75.00, while the lowest price estimate is $36.00. However, 23 analysts have rated KR stock as an Overweight in their predictions for 2023.


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