Rite Aid Corporation (RAD) Stock Price Increases Today

February 20, 2018 - By simple simple

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.19, from 0.78 in 2017Q2. It is positive, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. 513.41 million shares or 4.79% less from 539.25 million shares in 2017Q2 were reported.
Moors And Cabot Inc has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Hightower Advsr Limited Com stated it has 717,881 shares or 0.01% of all its holdings. Planning accumulated 0.03% or 74,525 shares. 155,000 were reported by Credit Invests Ltd Limited Liability Company. Goldman Sachs invested in 0% or 6.69M shares. Atlantic Trust Gp Ltd Com holds 0% or 43,000 shares in its portfolio. Moreover, Franklin Resources Inc has 0.04% invested in Rite Aid Corporation (NYSE:RAD) for 41.98M shares. North Star Asset invested in 0% or 10,004 shares. Fernwood Investment Limited Liability Company accumulated 26,700 shares. Philadelphia Communications reported 0.01% stake. New York-based Allsquare Wealth Management Ltd Liability has invested 0% in Rite Aid Corporation (NYSE:RAD). Manufacturers Life The reported 0% in Rite Aid Corporation (NYSE:RAD). Deutsche Savings Bank Ag has invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Boston Private Wealth Ltd Liability Com holds 0% or 52,735 shares. Tdam Usa accumulated 45,254 shares.

Since October 3, 2017, it had 0 insider buys, and 1 sale for $58,915 activity.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock increased 0.94% or $0.02 during the last trading session, reaching $2.15. About 119.31M shares traded or 379.43% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since February 20, 2017 and is downtrending. It has underperformed by 71.88% the S&P500.
The move comes after 7 months positive chart setup for the $2.25B company. It was reported on Feb, 20 by Barchart.com. We have $2.32 PT which if reached, will make NYSE:RAD worth $180.24M more.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid has $11 highest and $1.5 lowest target. $4.79’s average target is 122.79% above currents $2.15 stock price. Rite Aid had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, January 6 by Evercore. The stock of Rite Aid Corporation (NYSE:RAD) earned “Underperform” rating by Evercore on Friday, June 30. The rating was upgraded by Vetr to “Buy” on Friday, August 14. Mizuho downgraded the shares of RAD in report on Thursday, July 20 to “Neutral” rating. On Thursday, August 6 the stock rating was downgraded by Vetr to “Buy”. RBC Capital Markets maintained the shares of RAD in report on Wednesday, October 25 with “Hold” rating. The firm has “Hold” rating by Loop Capital Markets given on Monday, September 11. Deutsche Bank downgraded the shares of RAD in report on Friday, April 8 to “Hold” rating. The firm has “Neutral” rating by Guggenheim given on Wednesday, April 26. The rating was downgraded by JP Morgan on Friday, November 13 to “Neutral”.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: “Rite Aid: Destination Insignificance” on February 12, 2018, also Bloomberg.com with their article: “Albertsons to Buy Rite Aid in Latest Amazon Countermeasure” published on February 20, 2018, Seekingalpha.com published: “Rite Aid’s Turnaround Is Inevitable” on January 30, 2018. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Digitaljournal.com and their article: “RITE AID CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces …” published on February 20, 2018 as well as Businesswire.com‘s news article titled: “Rite Aid Announces Continued Progress in Sale of Assets to Walgreens Boots …” with publication date: February 08, 2018.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $2.25 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 14.53 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

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