Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Kroger Co. shares valued at $368,467 were sold by Foley Todd A on Apr 26 ’24. At $55.69 per share, Foley Todd A sold 6,616 shares. The insider’s holdings dropped to 46,958 shares worth approximately $2.57 million following the completion of this transaction.
Also, Kimball Kenneth C sold 30,251 shares, netting a total of over 1,693,451 in proceeds. Following the sale of shares at $55.98 each, the insider now holds 105,298 shares.
Before that, Adcock Mary Ellen had sold 82,806 shares from its account. In a trade valued at $4,605,194, the Senior Vice President traded Kroger Co. shares for $55.61 each. Upon closing the transaction, the insider’s holdings decreased to 82,806 shares, worth approximately $10.6 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 drop of approximately -2.46%. Over the course of the year, Kroger Co. shares have jumped approximately 19.82%. 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 $54.50, while a 200-day SMA reached $47.93. Nevertheless, trading volume fell to 3.77 million shares from 4.81 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 54.40, which, if violated, would cause prices to drop to 54.02. In the upper region, resistance lies at 55.26. The next price resistance is at 55.74. RSI (Relative Strength Index) is 44.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 90.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
