Rite Aid Corporation (RAD) Shares are Down -1.47%

Rite Aid Corporation (RAD) has risen sharply, recording gains of 3.61% in the past 4 weeks. However, the stock has corrected -1.47% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.75% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 3.74% and the 50-Day Moving Average is 9.1%.The 200 Day SMA reached 3.69% Rite Aid Corporation is up 3.21% in the last 3-month period. Year-to-Date the stock performance stands at 2.42%.


Rite Aid Corporation (RAD) : The highest level Rite Aid Corporation (RAD) is projected to reach is $10 for the short term and the lowest estimate is at $9. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $9.25 and the possibility the share price can swing is $0.5.

Company shares have received an average consensus rating of Hold for the current week Rite Aid Corporation (NYSE:RAD): stock was range-bound between the intraday low of $8.01 and the intraday high of $8.09 after having opened at $8.06 on Fridays session. The stock finally closed in the red at $8.06, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 10,370,986 shares. The stock failed to cross $8.09 in Fridays trading. The stocks closing price on Thursday was $8.03.

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.

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