The Kroger Co. (KR - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 16.9% in the past one-month time frame.
The stock was driven after the company reported solid results for first-quarter fiscal 2018. Also, management raised the lower end of fiscal 2018 earnings view.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the said time period, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Kroger currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Retail-Wholesale sector may consider The Buckle, Inc. (BKE - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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