Shares of Rite Aid Corporation (RAD) Sees Large Inflow of Net Money Flow

Rite Aid Corporation (RAD): $7.79 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.13. The value of trades done on upticks was $68.06 million, whereas, trades done on downticks were valued at $60.27 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $33.04 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $30.35 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.09 was strongly in favor of the bulls. The money flow in block trades was $2.69 million. Rite Aid Corporation (RAD) fell $0.35 traded at $7.72, a change of -4.34% over the previous day. The stock is -4.57% for the week.

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Rite Aid Corporation has dropped 4.69% in the last five trading days, however, the shares have posted positive gains of 4.04% in the last 4 weeks. Rite Aid Corporation is up 0.92% in the last 3-month period. Year-to-Date the stock performance stands at -1.53%.

Rite Aid Corporation (RAD) : The consensus on Rite Aid Corporation (RAD) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Rite Aid Corporation (NYSE:RAD): stock was range-bound between the intraday low of $7.62 and the intraday high of $8.09 after having opened at $8 on Wednesdays session. The stock finally closed in the red at $8, a loss of -4.34%. The stock remained in the red for the whole trading day. The total traded volume was 55,202,654 shares. The stock failed to cross $8.09 in Wednesdays trading. The stocks closing price on Thursday was $8.07.

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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