Shares of Rite Aid Corporation (RAD) Sees Large Inflow of Net Money Flow

Rite Aid Corporation (RAD) : $10.08 million worth of transactions were on upticks in Rite Aid Corporation (RAD), compared to $7.5 million on downticks. The ratio between the two was 1.34, whereas, the net money flow stood at a healthy $2.58 million on Fridays session.The block trades show a bullish bias with only $1.2 million worth of transactions done on downticks. The consistent buying on upticks in the stock accounted for $2.47million worth of trades. The up-down ratio between the uptick and downtick was 2.06, confirming that the stronger hands have been buying the stock on every weakness. The total money flow into the stock stood at $1.27 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.44%. The stock was trading at $6.83, with a drop of $0.03 over the previous days close. The stock recorded -5.01% for the week.


Rite Aid Corporation (RAD) : Average target price received by Rite Aid Corporation (RAD) is $9.2 with an expected standard deviation of $0.45. The most aggressive target on the stock is $10, whereas the most downbeat target is $9. 5 financial analysts are currently covering the stock.

Rite Aid Corporation (NYSE:RAD): On Fridays trading session , Opening price of the stock was $6.84 with an intraday high of $6.92. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $6.81. However, the stock managed to close at $6.82, a loss of 0.58% for the day. On the previous day, the stock had closed at $6.86. The total traded volume of the day was 10,775,431 shares.

In a related news, Donley Douglas E, officer (SVP) of Rite Aid Corp, unloaded 34,106 shares at an average price of $7.78 on June 15, 2016. The total amount of the transaction was worth $265,345, according to the disclosed information 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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