Why Kroger Inc. Stock Lost 11% Last Month
Shares of Kroger Inc. (NYSE: KR) fell back last month on continued challenges in the grocery industry, while Amazon.com (NASDAQ: AMZN) announced it would take over Whole Foods Market on Aug. 28, slashing prices on a number of staples in the process.
Image source: Kroger.
According to data from S&P Global Market Intelligence, the stock finished the month down 11%. As you can see in the chart below, the stock took a hit when the Amazon news came out on, falling 8% on Aug. 24:
Source: Fool.com
Amazon.com Inc. Stock
€171.44
0.290%
The stock is an absolute favorite of our community with 145 Buy predictions and no Sell predictions.
As a result the target price of 188 € shows a slightly positive potential of 9.66% compared to the current price of 171.44 € for Amazon.com Inc..
