Rite Aid Corporation (RAD) : During the past 4 weeks, traders have been relatively bearish on Rite Aid Corporation (RAD), hence the stock is down -11.45% 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 -0.22% relative to the S&P 500. The stock has risen by 1.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.58% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 3.25% and the 50-Day Moving Average is 6.2%.
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 $7.38 and $7.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.19, notching a gain of 2.42% for the day. The total traded volume was 38,002,004 . The stock had closed at $7.02 on the previous day.
The company Insiders own 2.33% of Rite Aid Corporation shares according to the proxy statements. Institutional Investors own 62.91% of Rite Aid Corporation shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP) of Rite Aid Corp, Donley Douglas E had sold 34,106 shares worth of $265,345 in a transaction dated June 15, 2016. In this transaction, 34,106 shares were sold at $7.78 per share.
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.