Large Inflow of Money Detected in Kroger Company (The)

Kroger Company (The) (KR): $4.05 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.18. The value of trades done on upticks was $26.71 million, whereas, trades done on downticks were valued at $22.66 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $6.1 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.81 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 7.56 was strongly in favor of the bulls. The money flow in block trades was $5.3 million. Kroger Company (The) (KR) fell $0.16 traded at $32.17, a change of -0.49% over the previous day. The stock is -1.56% for the week.


Also, Equity analysts at the Brokerage firm Oppenheimer maintains its rating on Kroger Company (The) (NYSE:KR). The rating major has initiated the coverage with outperform rating on the shares. The Analysts at Oppenheimer lowers the price target from $42 per share to $40 per share. The rating by the firm was issued on August 24, 2016.

The Kroger Co. has lost 0.28% in the last five trading days and dropped 5.09% in the last 4 weeks. The Kroger Co. has dropped 11.37% during the last 3-month period . Year-to-Date the stock performance stands at -22.38%.

Kroger Company (The) (NYSE:KR): The stock opened at $32.40 on Tuesday but the bulls could not build on the opening and the stock topped out at $32.50 for the day. The stock traded down to $32.09 during the day, due to lack of any buying support eventually closed down at $32.16 with a loss of -0.53% for the day. The stock had closed at $32.33 on the previous day. The total traded volume was 5,044,566 shares.

In a related news,The officer (Vice President & Controller) of Kroger Co, Van Oflen Mary Elizabeth sold 12,000 shares at $37.85 on July 8, 2016. The Insider selling transaction had a total value worth of $454,200. The Insider information was disclosed with 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.

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