Kroger Co (NYSE:KR) share are trading lower by $1.10 (5.4 percent) at $21.86 in Thursday's session.
The stock trading about unchanged for the session ($22.96), when Amazon (NASDAQ:AMZN) announced it will offer Prime members special savings and in-store benefits at Whole Foods (NASDAQ:WFM) Stores.
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See Also: Amazon-Whole Foods: Everything You Need To Know As A Shopper And Prime Member
That news has had a negative impact on other grocers such as Costco (NASDAQ:COST), lower by $4.00 at $155.37, and Sprouts Farmers Markets (NASDAQ:SFM), now in the red by 70 cents at $23.05.
The swift decline in Kroger has breached its June 21 low ($21.87) as $21.76 stands as the low for the session. The low for the move following Amazon's purchase of Whole Foods was made the day of the announcement (June 16) at $20.46.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.