Company Shares of Rite Aid Corporation Drops by -0.64%

Rite Aid Corporation (NYSE:RAD) has tumbled 0.64% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.57% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.55% and the outperformance has advanced to 0.64% for the last 4 weeks period.

Rite Aid Corporation (NYSE:RAD): The stock opened at $7.83 on Friday but the bulls could not build on the opening and the stock topped out at $7.85 for the day. The stock traded down to $7.75 during the day, due to lack of any buying support eventually closed down at $7.78 with a loss of -0.38% for the day. The stock had closed at $7.81 on the previous day. The total traded volume was 17,172,806 shares.

The company shares have dropped -10.78% 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 $7.84 and the 200 Day Moving Average price is recorded at $7.90.

On the companys insider trading activities,The officer (SVP) of Rite Aid Corp, Donley Douglas E sold 34,106 shares at $7.78 on June 15, 2016. The Insider selling transaction had a total value worth of $265,345. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. Deutsche Bank downgrades its rating on Rite Aid Corporation (NYSE:RAD). Analysts at the Deutsche Bank have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 8, 2016. Currently the company Insiders own 2.33% of Rite Aid Corporation shares according to the proxy statements. Institutional Investors own 62.82% of Rite Aid Corporation shares.

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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