Kroger Co’s recent filing unveils that its Senior VP & Interim CFO Foley Todd A unloaded Company’s shares for reported $1.04 million on Dec 19 ’24. In the deal valued at $61.44 per share,16,932 shares were sold. As a result of this transaction, Foley Todd A now holds 53,782 shares worth roughly $3.28 million.
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Then, Aitken Stuart sold 132,627 shares, generating $8,379,226 in total proceeds. Upon selling the shares at $63.18, the Senior Vice President now owns 217,523 shares.
Before that, COSSET YAEL sold 20,000 shares. Kroger Co shares valued at $1,167,880 were divested by the Senior Vice President and CIO at a price of $58.39 per share. As a result of the transaction, COSSET YAEL now holds 144,620 shares, worth roughly $8.82 million.
Jefferies upgraded its Kroger Co [KR] rating to a Buy from a a Hold in a research note published on December 03, 2024; the price target was increased to $73 from $54. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Market perform”. Telsey Advisory Group also remained covering KR and reiterated its “an Outperform” recommendation on November 27, 2024. Exane BNP Paribas started covering the stock on October 18, 2024. It rated KR as “a Neutral”.
Price Performance Review of KR
On Monday, Kroger Co [NYSE:KR] saw its stock fall -1.44% to $60.96. Over the last five days, the stock has lost -1.71%. Kroger Co shares have risen nearly 33.36% since the year began. Nevertheless, the stocks have risen 35.41% over the past one year. While a 52-week high of $63.59 was reached on 12/12/24, a 52-week low of $44.48 was recorded on 02/07/24. SMA at 50 days reached $58.84, while 200 days put it at $55.29.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 60.46, which if violated will result in even more drops to 59.97. On the upside, there is a resistance level at 61.73. A further resistance level may holdings at 62.51. The Relative Strength Index (RSI) on the 14-day chart is 53.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.58%. Stochastics %K at 60.45% 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 2024-11-15, dropping by -1.41 million shares to a total of 8.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.68 million shares. There was a decline of -17.06%, which implies that there is a negative sentiment for the stock.
