Rite Aid Corp (RAD): Douglas E Donley , SVP of Rite Aid Corp sold 34,106 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were sold at $7.78 per share for a total value of $265,160.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 13, 2015, Tony Montini (EVP) sold 353,194 shares at $8.38 per share price.On Apr 17, 2015, Joseph B Jr Anderson (director) sold 150,000 shares at $8.25 per share price.Also, On Apr 14, 2015, Robert K Thompson (EVP) sold 95,850 shares at $8.33 per share price.On Apr 14, 2015, Marcy Syms (director) sold 150,000 shares at $8.26 per share price.
Shares of Rite Aid Corporation (RAD) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.13% at $7.82 with 1,62,99,342 shares getting traded. Post opening the session at $7.78, the shares hit an intraday low of $7.78 and an intraday high of $7.86 and the price vacillated in this range throughout the day. The company has a market cap of $8,199 M and the number of outstanding shares has been calculated to be 1,04,84,06,900 shares. The 52-week high of Rite Aid Corporation is $9.47 and the 52-week low is $5.88.
Company has been under the radar of several Street Analysts.Rite Aid Corporation is Downgraded by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $9. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 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 Company’s drugstores’ primary business is pharmacy services. It operates approximately 4570 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.