January 23, 2018

Rite Aid (NYSE:RAD) Receives Coverage Optimism Score of 0.17

06 December 2017, 09:00 | Melvin Schneider

A statistical measure of the dispersion of returns (volatility) for RAD producing salvation in Investors mouth, it has week volatility of 11.57% and for the month booked as 7.39%. Thereafter, both the entities entered into a new deal, per which Walgreens will buy certain Rite Aid stores and related assets. The stock decreased 2.34% or $0.045 during the last trading session, reaching $1.875.

In the transaction dated April 15, 2015, the great number of shares disposed came courtesy the Director; Anderson Joseph B Jr disposed a total of 150,000 shares at an average price of $8.25, amounting to approximately $1,237,500. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since December 5, 2016 and is downtrending. Susquehanna Group Llp reported 0.01% stake. Andra Ap invested in 82,400 shares or 0.08% of the stock. Sandy Spring Fincl Bank owns 2,000 shares. Tiaa Cref Investment Mgmt Limited Liability Com holds 2.53 million shares or 0.01% of its portfolio. The shares were sold at an average price of $2.09, for a total value of $58,915.01. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 4, 2016 and is uptrending. It has underperformed by 31.51% the S&P500. Vanguard Group Inc owns $165.34 million in Rite Aid Corporation, which represents roughly 7.69% of the company's market cap and approximately 15.82% of the institutional ownership.

For the ongoing Fiscal Quarter, 4 analysts have an average earnings forecast of $-0.04 per share. Rite Aid Corp (NYSE:RAD)'s price sits 4.69% above from its 50-day moving average of $1.68 and -39.02% away from the stock's 200-day moving average which is $2.4. Therefore 14% are positive. The correct version of this article can be read at The firm earned "Buy" rating on Monday, July 11 by Stifel Nicolaus. Royal National Bank & Trust Of Canada reported 1.16M shares or 0% of all its holdings. The firm has "Neutral" rating by Credit Suisse given on Thursday, October 29. Rite Aid Corporation's beta is 1.71 whilst the stock has an average true range (ATR) of 0.13. They issued a "hold" rating and a $2.50 target price on the stock. The rating was maintained by RBC Capital Markets on Monday, August 24 with "Outperform".

Rite Aid earned a daily sentiment score of 0.17 on Accern's scale. Companies with a high P/E ratio are typically growth stocks. Smithfield Trust Co. raised its stake in shares of Rite Aid by 37.8% in the second quarter. Rite Aid Corp (NYSE:RAD) has a market cap of $2.15 Billion and the number of outstanding shares have been calculated 1.14 Billion. Investors Asset Mngmt Of Georgia Ga Adv owns 0.08% invested in Rite Aid Corporation (NYSE:RAD) for 40,000 shares. Geneva Advisors LLC boosted its stake in Rite Aid Corporation by 6.5% during the 2nd quarter. Comerica Bank now owns 44,460 shares of the company's stock worth $111,000 after acquiring an additional 3,753 shares during the last quarter. The company's shares were given away at $7.77 per share worth to an income of some $265,004 on account of Donley Douglas E. The stock of Rite Aid Corporation (NYSE:RAD) has "Buy" rating given on Thursday, August 6 by Vetr.

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Rite Aid Corporation's insider ownership stands at 1 percent, while its insider transaction is -0.25 percent. Atlas Browninc holds 103,000 shares. Guggenheim Limited Liability Company stated it has 45,930 shares or 0% of all its holdings. Dc Advsrs invested 0.41% in Rite Aid Corporation (NYSE:RAD). Silvercrest Asset Grp Ltd Co stated it has 0.79% of its portfolio in EOG Resources, Inc. Stephens Inc Ar invested in 0.01% or 20,538 shares. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Exxon Mobil had 77 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, July 20 the stock rating was upgraded by Compass Point to "Buy". The firm has "Buy" rating given on Thursday, August 13 by Bank of America. The rating was reinitiated by Bank of America with "Underperform" on Friday, June 30.

Taking a glance at where the stock might be directed in the future, on a consensus basis, the sell-side has a 52 week price target of $2.18 on the stock, this valuation is based on 5 number of opinions. Jefferies maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, October 19 with "Hold" rating. The firm has "Hold" rating by TD Securities given on Tuesday, June 6.

Salzhauer Michael increased Rite Aid Corp (RAD) stake by 4936.23% reported in 2017Q2 SEC filing. This showed a surprise of 0% in the last quarter earnings. It has a 21.01 P/E ratio.

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