Why These 5 Stocks Are on the Move on Wednesday

3. The Kroger Co. (NYSE:KR) is 0.6% in the green as of 9:55 AM ET. The Cincinnati, Ohio-based grocery retailer has received attention from activist investor Carl Icahn. Icahn has nominated two directors to the board of the company and has raised his concerns regarding the application of gestation crates for pigs. He also voiced his displeasure over putting an end to the $2 per hour ‘hero bonus’ that The Kroger Co. (NYSE:KR) granted to the front lines workers during the pandemic.

Out of the 924 hedge funds covered by Insider Monkey, 41 funds had a stake in The Kroger Co. (NYSE:KR) as of Q4 2021. Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK-A) is the leading investor in The Kroger Co. (NYSE:KR), with a stake worth $2.78 billion.