In a filing, Kroger Co. revealed its Vice President & Controller Nichols Brian W unloaded Company’s shares for reported $0.39 million on Oct 07 ’24. In the deal valued at $55.80 per share,6,922 shares were sold. As a result of this transaction, Nichols Brian W now holds 14,063 shares worth roughly $0.79 million.
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Then, Jabbar Valerie L. sold 3,000 shares, generating $167,730 in total proceeds. Upon selling the shares at $55.91, the Senior Vice President now owns 74,084 shares.
Before that, FIKE CARIN L sold 3,010 shares. Kroger Co. shares valued at $167,269 were divested by the Vice President and Treasurer at a price of $55.57 per share. As a result of the transaction, FIKE CARIN L now holds 47,593 shares, worth roughly $2.68 million.
Exane BNP Paribas initiated its Kroger Co. [KR] rating to a Neutral in a research note published on October 18, 2024; the price target was $56. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in mid June from “a Market perform” to “an Outperform”. Wells Fargo also remained covering KR and has increased its forecast on April 16, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Exane BNP Paribas revised its rating on April 08, 2024. It rated KR as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of KR
On Monday, Kroger Co. [NYSE:KR] saw its stock fall -0.34% to $56.34. Over the last five days, the stock has gained 1.94%. Kroger Co. shares have risen nearly 23.26% since the year began. Nevertheless, the stocks have risen 26.61% 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 $54.50, while 200 days put it at $52.66.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 55.99, which if violated will result in even more drops to 55.64. On the upside, there is a resistance level at 56.95. A further resistance level may holdings at 57.56. The Relative Strength Index (RSI) on the 14-day chart is 56.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.34%. Stochastics %K at 65.15% 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 2024-09-30, dropping by -3.88 million shares to a total of 10.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 14.07 million shares. There was a decline of -38.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 28, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $62.
