Kroger Stock Dips on Earnings Report, Must Hold This Key Level

Kroger  (KR) – Get Kroger Company (The) Report stock lately has been struggling and is down about 1.7% on June 16. That’s after it traded about 2% higher in the premarket after the grocery giant reported fiscal-first-quarter earnings results.

In addition, Kroger stock was down 5% at one point on the day, and bulls are now buying the opening dip.

Earnings jumped 21% year over year while revenue grew 11%. Both figures beat estimates. The company also gave a slight boost to its full-year earnings outlook.

Source: https://www.thestreet.com/investing/trading-kroger-stock-earnings-dip-key-level-technical-analysis-june-2022?puc=yahoo&cm_ven=YAHOO&yptr=yahoo