The price of Kroger stock (KR) has been on a very sharp rise since February 24 against all odds, especially at a time when there is war in Eastern Europe. The stock has gained 31% in one month.
To help stock investors interested in investing in Kroger stock, Invezz has created a brief article on what it is and where to buy it.
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What is Kroger stock?
Kroger stock (KR) is the stock of The Kroger Company shares and it trades on the New York Stock Exchange using the ticker NYSE: KR.
In a nutshell, The Kroger Company, which is commonly just referred to as Kroger, is an American retail company. It is headquartered in downtown Cincinnati, Ohio.
Kroger operates hypermarkets, supermarkets, superstores, department stores, and jewelry stores across the United States. It also operates 35 food processing or manufacturing facilities.
Kroger is the second-largest general retailer behind Walmart and the largest supermarket chain by revenue in the United States. It is ranked number 17 on the Fortune 500 rankings of the largest US corporations by total revenue.
Should I buy KR stock today?
If you want to invest in the stock of a retailer company, then the Kroger stock (KR) could be a good choice.
Nevertheless, the economic times are hard. Besides the recent disruption of supply chains by the Covid-19 pandemic, there is also war in Eastern Europe, which is also threatening to disrupt a lot of supply chains and in case other countries decide to join in the war, KR business would be largely affected.
Kroger stock price prediction
If the market sentiments remain as they are, analysts expect the KR stock price to get back above $60 by the end of March, this year.
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