Kroger Company (The) (KR) has risen sharply, recording gains of 4.35% in the past 4 weeks. However, the stock has corrected -3.04% in the past 1 week, providing a good buying opportunity on dips. Kroger Company (The) (KR) : During the past 4 weeks, traders have been relatively bearish on Kroger Company (The) (KR), hence the stock is down -0.02% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.47% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 1.11% and the 50-Day Moving Average is 2.55%.
Kroger Company (The) (NYSE:KR): The stock opened at $37.05 on Friday but the bulls could not build on the opening and the stock topped out at $37.26 for the day. The stock traded down to $36.44 during the day, due to lack of any buying support eventually closed down at $36.71 with a loss of -1.58% for the day. The stock had closed at $37.30 on the previous day. The total traded volume was 7,754,061 shares.
The company Insiders own 0.85% of Kroger Company (The) shares according to the proxy statements. Institutional Investors own 81.03% of Kroger Company (The) shares. 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.