Shares of Rite Aid Corporation (NYSE:RAD) Sees Large Outflow of Money

Rite Aid Corporation (NYSE:RAD) managed to stay afloat and traded higher with an addition of 0.01 point or 0.06% at $7.75. The money flow data is a negative $(-3.14) million with $8.07 million in upticks and $11.21 million in downticks. The intraday up/down ratio came in at 0.72. The shares have seen -0.45% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $2.78 million and the combined worth of the downticks was $6.9, Million, leading to the up/down ratio of 0.4. The block trade saw a net money flow of $(-4.11) million.


The stock has recorded a 20-day Moving Average of 0.01% and the 50-Day Moving Average is 1.93%. The company shares have dropped 12.94% in the past 52 Weeks. On August 5, 2015 The shares registered one year high of $9.47 and one year low was seen on September 30, 2015 at $5.88. The 50-day moving average is $7.83 and the 200 day moving average is recorded at $7.9. S&P 500 has rallied 1.93% during the last 52-weeks.

Rite Aid Corporation (NYSE:RAD): The stock was completely flat for the day, closing at $7.74 on Tuesday. The flat closing masks the intraday volatility in the stock. After opening at $7.77, the stock touched an intraday high of $7.79 and a low of $7.73. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.74. The total trading volume on Tuesday was 10,652,079.

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 (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.

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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