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
€153.76
-9.580%
With 155 Buy predictions and 1 Sell predictions Amazon.com Inc. is one of the favorites of our community.
With a target price of 192 € there is a positive potential of 24.87% for Amazon.com Inc. compared to the current price of 153.76 €.
