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 $3.32 million.
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 $8.91 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early December from “a Hold” to “a Buy”. BMO Capital Markets also remained covering KR and has decreased its forecast on December 03, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Telsey Advisory Group maintained its rating on November 27, 2024. It rated KR as “an Outperform”.
Price Performance Review of KR
On Friday, Kroger Co [NYSE:KR] saw its stock jump 0.98% to $61.64. Over the last five days, the stock has gained 5.01%. Kroger Co shares have risen nearly 0.80% since the year began. Nevertheless, the stocks have risen 32.13% over the past one year. While a 52-week high of $63.59 was reached on 01/03/25, a 52-week low of $44.48 was recorded on 01/17/25. SMA at 50 days reached $60.24, while 200 days put it at $55.77.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 60.96, which if violated will result in even more drops to 60.28. On the upside, there is a resistance level at 62.09. A further resistance level may holdings at 62.54. The Relative Strength Index (RSI) on the 14-day chart is 60.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.94%. Stochastics %K at 85.89% 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 2024-11-15, 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.
The most recent change occurred on October 18, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”a Neutral”‘ rating along with a $56 price target.
