Potential Price Increase for The Kroger Co. (KR) After Recent Insider Activity


The Kroger Co.’s filing revealed that its Senior Vice President Massa Timothy A unloaded Company’s shares for reported $1.1 million on Apr 21. In the deal valued at $47.95 per share,23,000 shares were sold. As a result of this transaction, Massa Timothy A now holds 194,956 shares worth roughly $ 9.09 million.

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Then, Wheatley Christine S sold 25,000 shares, generating $1,187,225 in total proceeds. Upon selling the shares at $47.49, the Group Vice President now owns 126,866 shares.

Before that, Kimball Kenneth C sold 29,024 shares. The Kroger Co. shares valued at $1,404,471 were divested by the Senior Vice President at a price of $48.39 per share. As a result of the transaction, Kimball Kenneth C now holds 90,732 shares, worth roughly $4.23 million.

Northcoast upgraded its The Kroger Co. [KR] rating to a Buy from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 22.28 to its Monday closing price.

Price Performance Review of KR

On Monday, The Kroger Co. [NYSE:KR] saw its stock jump 0.19% to $46.63. On the same session, the stock had its day’s lowest price of $46.29, but rose to a high of $46.835. Over the last five days, the stock has lost -1.60%. The Kroger Co. shares have risen nearly 4.60% since the year began. Nevertheless, the stocks have fallen -5.45% over the past one year. While a 52-week high of $52.00 was reached on 05/22/23, a 52-week low of $41.81 was recorded on 03/01/23. SMA at 50 days reached $47.52, while 200 days put it at $46.92. A total of 2.6 million shares were traded, compared to the trading of 3.56 million shares in the previous session.

Levels Of Support And Resistance For KR Stock

The 24-hour chart illustrates a support level at 46.34, which if violated will result in even more drops to 46.04. On the upside, there is a resistance level at 46.88. A further resistance level may holdings at 47.13. The Relative Strength Index (RSI) on the 14-day chart is 39.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.87%. Stochastics %K at 9.32% indicates the stock is a buying.

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

A steep rise in short interest was recorded in The Kroger Co. stocks on Aug 14, 2023, growing by 5.77 million shares to a total of 23.52 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 17.75 million shares. There was a rise of 24.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.99.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 79,710,501 shares, or roughly 11.11% of the outstanding KR shares. In other words, the investor’s shares have fallen by -235,301 from its previous 13-F filing of 79945802.0.. Over the last quarter, SSgA Funds Management, Inc. purchased 362,562 shares of The Kroger Co., while Sanders Capital LLC bought 9,555,503 shares. At present, Capital Research & Management Co is holding 13,983,501 shares valued at $680.16 million. Geode Capital Management LLC owned 13,902,865 shares of the company at the time of its most recent 13F filing, worth $676.24 million.

According to FactSet, The Kroger Co.’s share price will average $51.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.73 percent from its previous closing price of $46.54. Analysts expect The Kroger Co. stock to reach the higher price of $65.00, while the lowest price estimate is $42.00. However, 22 analysts have rated KR stock as an Overweight in their predictions for 2023.


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