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Is Kroger Co (KR) a Stock to Watch After Gaining 2.31% This Week?

Tuesday, November 28, 2023 03:56 PM | InvestorsObserver Analysts

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Is Kroger Co (KR) a Stock to Watch After Gaining 2.31% This Week?

Kroger Co (KR) stock has risen 2.31% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Kroger Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on KR!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With KR Stock Today?

Kroger Co (KR) stock is down -0.43% while the S&P 500 is higher by 0.04% as of 3:46 PM on Tuesday, Nov 28. KR is down -$0.19 from the previous closing price of $44.10 on volume of 3,599,697 shares. Over the past year the S&P 500 has risen 14.84% while KR is down -10.08%. KR earned $2.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.69. To see InvestorsObserver's Sentiment Score for Kroger Co click here.

More About Kroger Co

Kroger is the leading American grocer, with 2,726 supermarkets operating under several banners throughout the country as of the end of fiscal 2021. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself, in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Click Here to get the full Stock Report for Kroger Co stock.

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