Kroger Investors Check Out After Lower Guidance

Kroger Co KR shares are trading lower by $5.70 (19 percent) at $24.58 in Thursday's session.

Before the open, the company reported in an inline Q1 report but cut its GAAP outlook and its CEO made some cautious comments.

After much lower open, Kroger managed a brief bounce to $27.22 before continuing its move lower. It has continued to make new lows for the session, with the current on standing at $24.54.

That put the stock back at its price from August 2014, when it bottomed at $24.44.