New Lifetime High Reached: Kroger (KR)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Kroger ( KR) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Kroger as such a stock due to the following factors:

  • KR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $179.2 million.
  • KR has traded 1,500 shares today.
  • KR is trading at a new lifetime high.

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More details on KR:

The Kroger Co., together with its subsidiaries, operates as a retailer worldwide. The company also manufactures and processes food for sale in its supermarkets. It operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. The stock currently has a dividend yield of 1.3%. KR has a PE ratio of 16.3. Currently there are 9 analysts that rate Kroger a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for Kroger has been 2.6 million shares per day over the past 30 days. Kroger has a market cap of $25.2 billion and is part of the services sector and retail industry. The stock has a beta of 1.00 and a short float of 2.8% with 2.61 days to cover. Shares are up 32.1% year-to-date as of the close of trading on Tuesday.

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