Why Kroger Inc. Stock Lost 11% Last Month

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:

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Source: Fool.com