Kroger Company (The) (KR) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $6.21 million worth of transactions were on upticks, whereas, the downticks accounted for $4.78 million worth of transactions. The net money flow was a positive $1.44 million and the uptick to downtick ratio was 1.3. The net money flow into the stock was $2.1 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.1 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Kroger Company (The) (KR) was trading at $35.93, down $0.04 during day. The stock slid -0.1% over the previous days close. For the week, the stock recorded -2.14% over the previous weeks close.
Kroger Company (The) (KR) : Average target price received by Kroger Company (The) (KR) is $41.29 with an expected standard deviation of $6.46. The most aggressive target on the stock is $51, whereas the most downbeat target is $27. 14 financial analysts are currently covering the stock.
Kroger Company (The) (NYSE:KR): stock turned positive on Friday. Though the stock opened at $36.13, the bulls momentum made the stock top out at $36.2 level for the day. The stock recorded a low of $35.8 and closed the trading day at $35.98, in the green by 0.06%. The total traded volume for the day was 3,295,681. The stock had closed at $35.96 in the previous days trading.
In a related news, The officer (Vice President & Controller), of Kroger Co, Van Oflen Mary Elizabeth had unloaded 12,000 shares at $37.85 per share in a transaction on July 8, 2016. The total value of transaction was $454,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
The Kroger Co. (Kroger) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The Company also manufactures and processes some of the food for sale in its supermarkets. The Company operated, either directly or through its subsidiaries, approximately 2,625 supermarkets and multi-department stores, approximately 1,330 of which had fuel centers. Approximately 48% of these supermarkets were operated in Company-owned facilities, including some Company-owned buildings on leased land. The Company operates its 2,640 supermarket and multi-department stores under banners, including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Frys, Harris Teeter, Jay C, King Soopers, QFC, Ralphs and Smiths. Of these stores, 1,330 have fuel centers. The Company also operates 782 convenience stores, either directly or through franchisees, 326 fine jewelry stores and an online retailer.