Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. The Kroger Co. shares valued at $1,102,873 were sold by Massa Timothy A on Apr 21. At $47.95 per share, Massa Timothy A sold 23,000 shares. The insider’s holdings dropped to 194,956 shares worth approximately $9.53 million following the completion of this transaction.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
Also, Wheatley Christine S sold 25,000 shares, netting a total of over 1,187,225 in proceeds. Following the sale of shares at $47.49 each, the insider now holds 126,866 shares.
Before that, Kimball Kenneth C had sold 29,024 shares from its account. In a trade valued at $1,404,471, the Senior Vice President traded The Kroger Co. shares for $48.39 each. Upon closing the transaction, the insider’s holdings decreased to 29,024 shares, worth approximately $4.44 million.
Analyzing KR Stock Performance
On Thursday, The Kroger Co. [NYSE: KR] plunged -1.33% to $48.90. The stock’s lowest price that day was $48.88, but it reached a high of $49.61 in the same session. During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, The Kroger Co. shares have jumped approximately 9.69%. Shares of the company reached a 52-week high of $50.36 on 05/22/23 and a 52-week low of $42.81 on 03/01/23. A 50-day SMA is recorded $48.56, while a 200-day SMA reached $46.73. Nevertheless, trading volume fell to 11.87 million shares from 5.84 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 48.65, which, if violated, would cause prices to drop to 48.40. In the upper region, resistance lies at 49.38. The next price resistance is at 49.86. RSI (Relative Strength Index) is 49.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 78.07%, 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 rise in short interest on May 14, 2023 jumping by 3.41 million shares to 18.54 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 15.13 million shares. A jump of 18.39% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.44 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.44.
Which companies own the most shares of The Kroger Co. (KR)?
According to The Vanguard Group, Inc. filings, the company currently owns 79,928,062 shares, which is about 11.14% of the total KR shares outstanding. The investor’s shares have appreciated by 208,560 from its previous 13-F filing of 79719502.0 shares. BlackRock Fund Advisors reduced a -4.49% interest valued at $2.07 billion while SSgA Funds Management, Inc. sold a -731,941 stake. A total of 322,040 shares of The Kroger Co. were sold by Geode Capital Management LLC during the quarter, and 12,608,464 by Sanders Capital LLC. In its current portfolio, Dimensional Fund Advisors LP holds 11,733,282 shares valued at $570.59 million.