Investors Check Out Of Krogers
The Kroger Co (NYSE: KR) shares are trading lower by $3.65 at $37 in Thursday's session. It annoucned a Q4 beat of $0.03 with a slight miss in revenues, along with FY2016 guidance surrounding Wall Street estimates of $2.23 at $2.19-$2.29.
After a lower open, it managed a brief rally to $38.43 before continuing lower. So far, it has fallen under $37 to $36.88 and has not been able to distance itself from that low. That low coincides with its February 12 low ($36.91).
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