Rite Aid Corporation (RAD) : During the past 4 weeks, traders have been relatively bearish on Rite Aid Corporation (RAD), hence the stock is down -4.08% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.71% relative to the S&P 500. The 4-week change in the price of the stock is -1.69% and the stock has fallen -0.29% in the past 1 week.
Rite Aid Corporation (NYSE:RAD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.92 and $6.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.98, notching a gain of 0.87% for the day. The total traded volume was 6,281,740 . The stock had closed at $6.92 on the previous day.
The stock has recorded a 20-day Moving Average of 0.2% and the 50-Day Moving Average is 5.52%. Rite Aid Corporation has dropped 12.2% during the last 3-month period . Year-to-Date the stock performance stands at -10.97%.
Rite Aid Corporation (RAD) stock is expected to deviate a maximum of $0.45 from the average target price of $9.2 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $10 and the most muted being $9.
Rite Aid Corporation is a retail drugstore chain. The Company sells prescription drugs and a range of other merchandise, which are referred to as front-end products. The Companys drugstores primary business is pharmacy services. It operates approximately 4,570 stores in 31 states across the country and in the District of Columbia. Its front-end products include over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise and various other every day and convenience products. The Company offers a range of products through its portfolio of private brands. Its classes of products include prescription drugs, over-the-counter medications and personal care, health and beauty aids, and general merchandise and other. It sells private brand and co-branded products. It operates under The Rite Aid name.