Large Inflow of Money Detected in Kroger Company (The)

Kroger Company (The) (KR) : Wednesdays money flow data in Kroger Company (The) (KR) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.73 million, whereas, $0.96 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 3.86, in favor of the bulls. The total money flow into the stock was $2.76 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.26 million. The total value of block trades done on upticks was $2.26 million. Kroger Company (The) (KR) fell $0.08 and traded at $36.13, down -0.23% for the day, over previous days close. On a weekly basis, the shares are -1.59% over the previous weeks close.


Also, Brokerage firm Hilliard Lyons upgrades its rating on Kroger Company (The) (NYSE:KR). The shares have been rated Buy. Previously, the analysts had a Long-term Buy rating on the shares. The rating by the firm was issued on June 23, 2016.

Kroger Company (The) (NYSE:KR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.39 and $36.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.40, notching a gain of 0.52% for the day. The total traded volume was 4,127,015 . The stock had closed at $36.21 on the previous day.

The stock has recorded a 20-day Moving Average of 0.28% and the 50-Day Moving Average is 1.39%. In a related news, Van Oflen Mary Elizabeth, officer (Vice President & Controller) of Kroger Co, unloaded 12,000 shares at an average price of $37.85 on July 8, 2016. The total amount of the transaction was worth $454,200, according to the disclosed information 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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