Rite Aid Corporation (RAD) has risen sharply, recording gains of 6.14% in the past 4 weeks. However, the stock has corrected -4.13% 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 6.37% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.88% and the fifty day Moving Average is 1.61%. Rite Aid Corporation has dropped 4.13% during the last three month period . Year-to-Date the stock performance stands at -5.23%.
Rite Aid Corporation (RAD) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $10 and the lowest price target forecast is $9. The average forecast of all the analysts is $9.25 and the expected standard deviation is $0.5.
Rite Aid Corporation (NYSE:RAD): On Fridays trading session , Opening price of the stock was $7.47 with an intraday high of $7.5. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.42. However, the stock managed to close at $7.43, a loss of 0.54% for the day. On the previous day, the stock had closed at $7.47. The total traded volume of the day was 6,026,701 shares.
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.