Kroger Co.’s recently made public that its Senior Vice President Jabbar Valerie L. unloaded Company’s shares for reported $0.17 million on Sep 23 ’24. In the deal valued at $55.91 per share,3,000 shares were sold. As a result of this transaction, Jabbar Valerie L. now holds 74,084 shares worth roughly $4.15 million.
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Then, FIKE CARIN L sold 3,010 shares, generating $167,269 in total proceeds. Upon selling the shares at $55.57, the Vice President and Treasurer now owns 47,593 shares.
Before that, Nichols Brian W sold 4,000 shares. Kroger Co. shares valued at $222,800 were divested by the Vice President & Controller at a price of $55.70 per share. As a result of the transaction, Nichols Brian W now holds 14,063 shares, worth roughly $0.79 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 0.13% to $55.96. Over the last five days, the stock has lost -2.34%. Kroger Co. shares have risen nearly 22.42% since the year began. Nevertheless, the stocks have risen 26.75% 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 $54.16, while 200 days put it at $52.13.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 55.64, which if violated will result in even more drops to 55.31. On the upside, there is a resistance level at 56.20. A further resistance level may holdings at 56.43. The Relative Strength Index (RSI) on the 14-day chart is 55.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.27%. Stochastics %K at 44.88% indicates the stock is a holding.
How much short interest is there in Kroger Co.?
A steep rise in short interest was recorded in Kroger Co. stocks on 2024-09-13, growing by 0.55 million shares to a total of 12.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 11.91 million shares. There was a rise of 4.4%, which implies that there is a positive 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.
