Kroger Company (The) (NYSE:KR) has tumbled 4.43% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.62% in the last four weeks. The stocks have underperformed the S&P 500 by 3.28% during the past week but Kroger Company (The) (NYSE:KR) it has outperformed the index in 4 weeks by 0.69%.
Kroger Company (The) (NYSE:KR): The stock opened at $35.37 on Friday but the bulls could not build on the opening and the stock topped out at $35.50 for the day. The stock traded down to $34.52 during the day, due to lack of any buying support eventually closed down at $35.18 with a loss of -0.82% for the day. The stock had closed at $35.47 on the previous day. The total traded volume was 16,578,186 shares.
The company shares have dropped -4.85% from its 1 Year high price. On Dec 30, 2015, the shares registered one year high at $42.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $35.47 and the 200 Day Moving Average price is recorded at $38.03.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Conlon Christopher, officer (Executive Vice President) of Acadia Realty Trust, had unloaded 15,000 shares at an average price of $35.43 in a transaction dated on May 6, 2016. The total value of the transaction was worth $531,450.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its rating on Kroger Company (The) (NYSE:KR). The global brokerage major lowers the current price target from $48 per share to $41 per share. Analysts at the Deutsche Bank have a current rating of Buy on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 0.85% of Kroger Company (The) shares according to the proxy statements. Institutional Investors own 80.66% of Kroger Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -19.69%.
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.