Large Inflow of Money Witnessed in Rite Aid Corporation

Rite Aid Corporation (NYSE:RAD) : Wednesdays money flow indicated an uptick to downtick ratio was at 1.61. The total value of inflow transactions on upticks was $5.18 million, whereas, the total value of outflow trades on downticks was $3.22 million. The total money flow was $1.97 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.9 million. The total value of the trades done on upticks was $2.47 million. Downticks saw transactions worth $0.57 million. The total uptick to downtick ratio stood at 4.32, mildly in favor of the bulls. Rite Aid Corporation (NYSE:RAD) was trading with a -0.07% change over previous days close. It fell $0.01 during the day and reached $7.63. The stock was -1.1% compared to the previous weeks close.


In an insider trading activity, The officer (SVP), of Rite Aid Corp, Donley Douglas E had unloaded 34,106 shares at $7.78 per share in a transaction on June 15, 2016. The total value of transaction was $265,345. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 2.33% of Rite Aid Corporation shares according to the proxy statements. Institutional Investors own 62.96% of Rite Aid Corporation shares.

The company shares have dropped -9.27% 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 $7.77 and the 200 Day Moving Average price is recorded at $7.89. Rite Aid Corporation (NYSE:RAD): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.68 and $7.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.65, notching a gain of 0.26% for the day. The total traded volume was 9,152,143 . The stock had closed at $7.63 on the previous day.

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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