Kroger Co.’s recent filing unveils that its Senior VP & Interim CFO Foley Todd A unloaded Company’s shares for reported $0.37 million on Apr 26 ’24. In the deal valued at $55.69 per share,6,616 shares were sold. As a result of this transaction, Foley Todd A now holds 46,958 shares worth roughly $2.37 million.
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Then, Kimball Kenneth C sold 30,251 shares, generating $1,693,451 in total proceeds. Upon selling the shares at $55.98, the Senior Vice President now owns 105,298 shares.
Before that, Adcock Mary Ellen sold 82,806 shares. Kroger Co. shares valued at $4,605,194 were divested by the Senior Vice President at a price of $55.61 per share. As a result of the transaction, Adcock Mary Ellen now holds 193,469 shares, worth roughly $9.78 million.
BMO Capital Markets upgraded its Kroger Co. [KR] rating to an Outperform from a a Market perform in a research note published on June 18, 2024; the price target was increased to $60 from $58. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid April from “an Equal weight” to “an Overweight”. Exane BNP Paribas also remained covering KR and has decreased its forecast on April 08, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Telsey Advisory Group maintained its rating on March 28, 2024. It rated KR as “an Outperform”.
Price Performance Review of KR
On Monday, Kroger Co. [NYSE:KR] saw its stock jump 1.26% to $50.56. Over the last five days, the stock has gained 1.08%. Kroger Co. shares have risen nearly 10.61% since the year began. Nevertheless, the stocks have risen 9.15% 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 $53.10, while 200 days put it at $48.96. A total of 7.88 million shares were traded, compared to the trading of 6.63 million shares in the previous session.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 50.01, which if violated will result in even more drops to 49.45. On the upside, there is a resistance level at 50.85. A further resistance level may holdings at 51.13. The Relative Strength Index (RSI) on the 14-day chart is 43.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.49%. Stochastics%K at 21.34% indicates the stock is a holding.
The most recent change occurred on March 08, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $60.
