Kroger Co.’s recently made public that its Vice President & Controller Nichols Brian W unloaded Company’s shares for reported $0.11 million on Jul 19 ’24. In the deal valued at $54.53 per share,2,000 shares were sold. As a result of this transaction, Nichols Brian W now holds 18,063 shares worth roughly $0.97 million.
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Then, Foley Todd A sold 6,616 shares, generating $368,467 in total proceeds. Upon selling the shares at $55.69, the Senior VP & Interim CFO now owns 46,958 shares.
Before that, Kimball Kenneth C sold 30,251 shares. Kroger Co. shares valued at $1,693,451 were divested by the Senior Vice President at a price of $55.98 per share. As a result of the transaction, Kimball Kenneth C now holds 105,298 shares, worth roughly $5.65 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 Tuesday, Kroger Co. [NYSE:KR] saw its stock jump 0.92% to $53.70. Over the last five days, the stock has gained 1.76%. Kroger Co. shares have risen nearly 17.48% since the year began. Nevertheless, the stocks have risen 15.76% 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 $52.84, while 200 days put it at $50.83.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 53.25, which if violated will result in even more drops to 52.79. On the upside, there is a resistance level at 53.99. A further resistance level may holdings at 54.27. The Relative Strength Index (RSI) on the 14-day chart is 54.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.17%. Stochastics %K at 89.04% indicates the stock is a selling.
How much short interest is there in Kroger Co.?
A steep rise in short interest was recorded in Kroger Co. stocks on 2024-08-15, dropping by -1.69 million shares to a total of 11.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 13.6 million shares. There was a decline of -14.16%, which implies that there is a negative sentiment for the stock.
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.
