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In October 2022, Kroger announced that it was buying grocery store chain Albertsons in a deal that valued the company at $24.6 billion. [1] On November 29, 2022, the chief executives of the two companies went before the antitrust panel of the Senate Judiciary Committee to defend the merger. [2]
Kroger Co. (KR) stock may be a good choice for value-oriented investors right now from multiple angles.
Is Kroger Co. (KR) a great pick from the value investor's perspective right now? Read on to know more.
In the latest trading session, Kroger (KR) closed at $48.12, marking a -0.29% move from the previous day.
Founded by Bernard Kroger in 1883 in Cincinnati, Ohio, Kroger operates 2,719 grocery retail stores under its various banners and divisions in 35 states and the District of Columbia. [6] Its store formats include 134 multi-department stores, 2,273 combo stores, 191 marketplace stores, and 121 price-impact warehouse stores.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average). The index includes about 80 percent of the American equity market by capitalization.
Kroger (KR) closed the most recent trading day at $44.53, moving -1.13% from the previous trading session.
Kroger (KR) closed the most recent trading day at $43.45, moving +1.49% from the previous trading session.
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