Rite Aid Corporation (RAD) Stock Price Increases Today

September 17, 2017 - By Jacob Falcon

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.26, from 1.18 in 2016Q3. It worsened, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported.
Greenlight Capital Inc invested 2.9% in Rite Aid Corporation (NYSE:RAD). Vantage Investment Advisors Ltd Liability Corp owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 1,000 shares. Korea Investment Corporation holds 967,900 shares. Bnp Paribas Invest stated it has 40,369 shares or 0% of all its holdings. Fifth Third Fincl Bank holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 4,568 shares. Mufg Americas holds 2,400 shares. Blackrock Institutional Trust Na invested in 28.04 million shares. Howard Hughes Institute stated it has 89,402 shares or 0.17% of all its holdings. Aperio Grp Ltd Liability Corporation holds 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 122,739 shares. Tokio Marine Asset Mngmt Ltd invested in 0.03% or 28,539 shares. Kbc Grp Inc Nv accumulated 0.01% or 88,006 shares. Blackrock Advsr Ltd Llc owns 2.00 million shares. Moreover, Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt has 0.03% invested in Rite Aid Corporation (NYSE:RAD) for 450,000 shares. Gamco Et Al has 0.06% invested in Rite Aid Corporation (NYSE:RAD) for 1.19 million shares. Aqr Management Ltd reported 0.01% in Rite Aid Corporation (NYSE:RAD).

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock increased 5.20% or $0.13 on September 15, reaching $2.63. About 59.84 million shares traded or 233.93% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 17, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.
The move comes after 5 months positive chart setup for the $2.77B company. It was reported on Sep, 17 by Barchart.com. We have $2.84 PT which if reached, will make NYSE:RAD worth $221.60 million more.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on September, 28 before the open. They expect $-0.01 EPS, down 133.33 % or $0.04 from last year’s $0.03 per share. After $-0.05 actual EPS reported by Rite Aid Corporation for the previous quarter, Wall Street now forecasts -80.00 % EPS growth.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 12 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Rite Aid had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Vetr downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, August 6 to “Buy” rating. The rating was initiated by Bank of America with “Buy” on Thursday, August 13. The rating was upgraded by Vetr on Friday, August 14 to “Buy”. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Monday, September 11 by Loop Capital Markets. On Thursday, September 17 the stock rating was maintained by Mizuho with “Buy”. As per Wednesday, August 19, the company rating was upgraded by Vetr. The firm has “Hold” rating given on Wednesday, January 6 by Evercore. The company was reinitiated on Friday, June 30 by Evercore. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by Guggenheim on Wednesday, April 26. The company was downgraded on Thursday, July 20 by Mizuho.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Fool.com which released: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” on September 02, 2017, also Investorplace.com with their article: “Rite Aid Corporation (RAD) Stock Can’t Beat This Retail Alternative” published on September 08, 2017, Fool.com published: “Why Rite Aid Corporation Could Be a Gold Mine for Value Investors” on September 17, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “Can Rite Aid Corporation (RAD) Stock Survive on its Own?” published on August 31, 2017 as well as Investorplace.com‘s news article titled: “Could the “New” Rite Aid Corporation (RAD) Go Broke?” with publication date: August 18, 2017.

Rite Aid Corporation is a retail drugstore chain. The company has market cap of $2.77 billion. The Company’s divisions include Retail Pharmacy and Pharmacy Services. It currently has negative earnings. The Firm operates under The Rite Aid name.

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