Shares of Rite Aid Corporation (RAD) Sees Large Outflow of Money

Rite Aid Corporation (RAD) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (12.96 million) in Rite Aid Corporation (RAD). On Thursday, The value of composite uptick trades was $25.78 million, whereas, the value of composite downtick trades was $38.74 million and the ratio between the two was 0.67, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $25.1 million. $13.72 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.55. The negative money flow of ($11.38 million) shows selling on strength. Rite Aid Corporation (RAD) gained $0.17 intraday at $7.02 and registrered 2.48% for the week.


The stock has recorded a 20-day Moving Average of 6.04% and the 50-Day Moving Average is 8.66%. Shares have dropped -22.61% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $9.47 and the one year low was seen on Sep 30, 2015. The 50-Day Moving Average price is $7.63 and the 200 Day Moving Average price is recorded at $7.85.

Rite Aid Corporation (NYSE:RAD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.91 and $6.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.02, notching a gain of 2.48% for the day. The total traded volume was 29,283,203 . The stock had closed at $6.85 on the previous day.

In an insider trading activity, Donley Douglas E, officer (SVP) of Rite Aid Corp, unloaded 34,106 shares at an average price of $7.78 on June 15, 2016. The total amount of the transaction was worth $265,345, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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