Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kroger Co. shares valued at $4,605,194 were sold by Adcock Mary Ellen on Apr 23 ’24. At $55.61 per share, Adcock Mary Ellen sold 82,806 shares. The insider’s holdings dropped to 193,469 shares worth approximately $10.86 million following the completion of this transaction.
Also, Massa Timothy A sold 29,970 shares, netting a total of over 1,713,685 in proceeds. Following the sale of shares at $57.18 each, the insider now holds 230,861 shares.
Before that, Jabbar Valerie L. had sold 15,000 shares from its account. In a trade valued at $832,800, the Senior Vice President traded Kroger Co. shares for $55.52 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $4.36 million.
As published in a research note from Wells Fargo on April 16, 2024, Kroger Co. [KR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $65 from $58. Analysts at Exane BNP Paribas downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of March 28, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for KR. Earlier on March 08, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for KR stock.
Analyzing KR Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, Kroger Co. shares have jumped approximately 22.84%. Shares of the company reached a 52-week high of $58.34 on 04/03/24 and a 52-week low of $44.48 on 02/07/24. A 50-day SMA is recorded $53.63, while a 200-day SMA reached $47.72. Nevertheless, trading volume fell to 3.26 million shares from 5.15 million shares the previous day.
Support And Resistance Levels for Kroger Co. (KR)
According to the 24-hour chart, there is a support level at 55.59, which, if violated, would cause prices to drop to 55.03. In the upper region, resistance lies at 56.47. The next price resistance is at 56.79. RSI (Relative Strength Index) is 54.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 54.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
