It sure did today anyways. Wow!!!
Huge volume sell off tells me people are scared to be in this when news drops tomorrow. I hope they are wrong. Could be a nice loading zone here, depending on the news tomorrow of course.
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Kroger's pre-earnings jitters
Shares of Kroger fell 6% as investors anticipate the grocery chain giant's earnings release on Thursday. Most of those following the stock expect solid growth from Kroger, but the major strategic consideration is whether the ongoing onslaught from e-commerce retailers looking to supplant some demand for the foodstuffs that are so profitable for traditional grocers will hurt the company's long-term prospects. Meanwhile, comparable-store sales growth has been tepid at best over the past year. Kroger needs to demonstrate that it can keep improving, but today's share-price move suggests some skepticism about its ability to follow through.
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