Large Inflow of Money Detected in Rite Aid Corporation

Rite Aid Corporation (RAD) : Tuesdays money flow data in Rite Aid Corporation (RAD) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $14.99 million, whereas, $11.78 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.27, in favor of the bulls. The total money flow into the stock was $3.21 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $2.5 million. The total value of block trades done on upticks was $10.44 million. The value of bearish trades on downticks was only $7.94 million.The up/down ratio in the block trades was a healthy 1.31 in favor of the bulls, suggesting strong buying in the stock by large traders. Rite Aid Corporation (RAD) fell $0.02 and traded at $7.41, down -0.2% for the day, over previous days close. On a weekly basis, the shares are -0.34% over the previous weeks close.


Rite Aid Corporation has dropped 2.61% in the last five trading days, however, the shares have posted positive gains of 6.13% in the last 4 weeks. Rite Aid Corporation has dropped 3.75% during the last 3-month period . Year-to-Date the stock performance stands at -4.97%.

Rite Aid Corporation (NYSE:RAD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.40 and $7.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.45, notching a gain of 0.40% for the day. The total traded volume was 15,194,065 . The stock had closed at $7.42 on the previous day.

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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