Kroger Co.’s filing revealed that its Senior Vice President Kimball Kenneth C unloaded Company’s shares for reported $1.69 million on Apr 25 ’24. In the deal valued at $55.98 per share,30,251 shares were sold. As a result of this transaction, Kimball Kenneth C now holds 105,298 shares worth roughly $5.84 million.
Then, Adcock Mary Ellen sold 82,806 shares, generating $4,605,194 in total proceeds. Upon selling the shares at $55.61, the Senior Vice President now owns 193,469 shares.
Before that, Massa Timothy A sold 29,970 shares. Kroger Co. shares valued at $1,713,685 were divested by the Senior Vice President at a price of $57.18 per share. As a result of the transaction, Massa Timothy A now holds 230,861 shares, worth roughly $12.81 million.
Wells Fargo upgraded its Kroger Co. [KR] rating to an Overweight from a an Equal weight in a research note published on April 16, 2024; the price target was increased to $65 from $58. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Telsey Advisory Group also remained covering KR and reiterated its “an Outperform” recommendation on March 28, 2024. Telsey Advisory Group maintained its rating on March 08, 2024. It rated KR as “an Outperform”.
Price Performance Review of KR
On Friday, Kroger Co. [NYSE:KR] saw its stock fall -0.75% to $55.49. Over the last five days, the stock has lost -1.91%. Kroger Co. shares have risen nearly 21.40% since the year began. Nevertheless, the stocks have risen 16.04% over the past one year. While a 52-week high of $58.34 was reached on 04/03/24, a 52-week low of $42.10 was recorded on 02/07/24. SMA at 50 days reached $54.03, while 200 days put it at $47.80. A total of 3.47 million shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 55.25, which if violated will result in even more drops to 55.01. On the upside, there is a resistance level at 55.86. A further resistance level may holdings at 56.23. The Relative Strength Index (RSI) on the 14-day chart is 49.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.03%. Stochastics %K at 36.14% indicates the stock is a holding.
