Why Kroger Stock Gained 11% in November
Shares of Kroger (NYSE: KR) outpaced the market last month by rising 11% compared with a 3.4% boost in the S&P 500, according to S&P Global Market Intelligence. The increase still left shareholders well behind broader indexes for 2019.
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Investors were optimistic last month that Kroger might have good news about its operating results in early December. Its chief rival Walmart announced surprisingly strong sales growth, after all, and Target also noted some of its best retailing customer traffic in years. That industry optimism formed the foundation for Kroger's stock price gains.
Source Fool.com
