Kroger Co’s filing revealed 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 $3.51 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 $9.44 million.
Jefferies also remained covering KR and has increased its forecast on December 03, 2024 with a “Buy” recommendation from previously “Hold” rating. BMO Capital Markets revised its rating on December 03, 2024. It rated KR as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of KR
On Monday, Kroger Co [NYSE:KR] saw its stock jump 0.43% to $65.28. Over the last five days, the stock has gained 3.08%. Kroger Co shares have risen nearly 6.75% since the year began. Nevertheless, the stocks have risen 46.30% over the past one year. While a 52-week high of $65.75 was reached on 02/06/25, a 52-week low of $44.49 was recorded on 01/17/25. SMA at 50 days reached $60.97, while 200 days put it at $56.04.
Levels Of Support And Resistance For KR Stock
The 24-hour chart illustrates a support level at 64.91, which if violated will result in even more drops to 64.55. On the upside, there is a resistance level at 65.52. A further resistance level may holdings at 65.77. The Relative Strength Index (RSI) on the 14-day chart is 71.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.18%. Stochastics %K at 90.98% 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 November 27, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $65.
