Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kroger Co shares valued at $386,248 were sold by Nichols Brian W on Oct 07 ’24. At $55.80 per share, Nichols Brian W sold 6,922 shares. The insider’s holdings dropped to 14,063 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Jabbar Valerie L. sold 3,000 shares, netting a total of over 167,730 in proceeds. Following the sale of shares at $55.91 each, the insider now holds 74,084 shares.
Before that, FIKE CARIN L had sold 3,010 shares from its account. In a trade valued at $167,269, the Vice President and Treasurer traded Kroger Co shares for $55.57 each. Upon closing the transaction, the insider’s holdings decreased to 3,010 shares, worth approximately $2.85 million.
As published in a research note from Jefferies on December 03, 2024, Kroger Co [KR] has been rated up from a Hold to a Buy and the price target has been revised to $73 from $54. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early December. As of November 27, 2024, Telsey Advisory Group has reiterated its “an Outperform” rating for KR. Earlier on October 18, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for KR stock.
Analyzing KR Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, Kroger Co shares have jumped approximately 31.07%. Shares of the company reached a 52-week high of $61.18 on 11/27/24 and a 52-week low of $44.48 on 02/07/24. A 50-day SMA is recorded $57.56, while a 200-day SMA reached $54.56. Nevertheless, trading volume fell to 5.71 million shares from 0.13 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 59.52, which, if violated, would cause prices to drop to 59.14. In the upper region, resistance lies at 60.22. The next price resistance is at 60.53. RSI (Relative Strength Index) is 58.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 30.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
