Kroger Shares Jump More Than 5% in Thursday New York Trading
Kroger, the US supermarket chain, has jumped more than 5% in Thursday's New York session so far, trading at $67.41 by 8.13 pm in London and well above yesterday's level.
Kroger (NYSE: KR), the US supermarket group, was trading at $67.41 by 8.13 pm in London today, up 5.1% on the session. The shares have traded between $64.56 and $67.43 so far, leaving the price just below the day’s high.
The rise leaves Kroger 9.7% below its 52-week high and 22.2% above its 52-week low. The shares are up 9.8% so far this year.
Kroger’s daily share price over the month to today; today’s point is the 8.13 pm London time quote, with the session still running.
How unusual this is
No earlier move of 5% or more shows in the 321 sessions of price history reviewed for Kroger. Yesterday’s gain was far smaller: Zacks, in a note carried by Yahoo Finance, said the shares rose 1.83% to $64.13, ahead of the S&P 500’s 0.58% gain.
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KR.US
In the news
The shares had gained 7.55% over the month to Wednesday’s close.
The estimate for the next quarter is earnings of $1.16 a share, 10.48% up on the equivalent quarter a year earlier. Kroger’s next results are due on the 3rd of December.
The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.
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