Large Outflow of Money Witnessed in Rite Aid Corporation

Rite Aid Corporation (NYSE:RAD) managed to eke out gains of 0.13% in intraday trade. The share price increased by 0.01 points to $7.84. Till last observation, the net money flow was recorded at a negative $(-3.03) million. The total inflow of $9.77 million in upticks was completely overshadowed by an outflow of $12.8 million in downticks, giving the up/down ratio a value of 0.76. The shares have seen a change of 1.55% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $3.45 million and the composite value in downticks was $5.23 million. The resultant up/down ratio for the block exchange was 0.66. The block trade had a negative money flow of $(-1.78) million.


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. On the companys insider trading activities, The officer (EVP), of Rite Aid Corp, Montini Tony had unloaded 353,194 shares at $8.38 per share in a transaction on July 9, 2015. The total value of transaction was $2,959,766. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Rite Aid Corporation (NYSE:RAD) : On Monday heightened volatility was witnessed in Rite Aid Corporation (NYSE:RAD) which led to swings in the share price. The stock opened for trading at $7.83 and hit $7.85 on the upside , eventually ending the session at $7.84, with a gain of 0.13% or 0.01 points. The heightened volatility saw the trading volume jump to 11,997,437 shares. The 52-week high of the share price is $9.47 and the company has a market cap of $8,220 million. The 52-week low of the share price is at $5.88 .

Many analysts have stated their opinion on the company shares. Brokerage firm Deutsche Bank downgrades its rating on Rite Aid Corporation (NYSE:RAD). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 8, 2016.

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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