Stock In Spotlight: Rite Aid Corporation (NYSE:RAD)

Stock In Spotlight: Rite Aid Corporation (NYSE:RAD)

Ladenburg Thalmann Financial Services Inc. now owns 225,131 shares of the company's stock valued at $441,000 after purchasing an additional 59,000 shares during the last quarter.

Beta measures volatility or systematic risk, of a stock or a portfolio in comparison to the market as a whole. It has a market cap of $141.14 Million. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since January 10, 2017 and is downtrending. It has outperformed by 7.97% the S&P500. According to today's trading volume Rite Aid Corporation is ABOVE its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days.

The company's consensus rating on Reuter's scale improved from 2.88 to 3 during a month. Prudential Financial Inc. now owns 104,094 shares of the company's stock worth $307,000 after purchasing an additional 17,900 shares during the period.

The stock of Rite Aid Corporation (NYSE:RAD) is a huge mover today! The stock traded with the average Volume of 25.77 Million at the end of last session. About 58,301 shares traded.

Rite Aid Corporation (NYSE:RAD) gained 4.39 Percent and closed its previous trading session at $2.14.

Rite Aid Corporation (RAD) shares declined -2.46% and ended the day at $1.98. Therefore 14% are positive.

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Rite Aid Corporation's Average Earnings Estimate for the current quarter is $-0.01, according to consensus of 5 analysts. Whereas, in last 21 trading days (one month) was climbed 14.53% and surged in last 63 trading days (quarter) of 8.47%. Evercore reinitiated the stock with "Underperform" rating in Friday, June 30 report. The Weekly Volatility is 7.55% and the Monthly Volatility is 4.87%. The rating was maintained by Jefferies with "Hold" on Wednesday, August 5. The company was downgraded on Thursday, October 29 by Goldman Sachs. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. A sudden increase in activity can be a sign that investors are trading in anticipation of a catalyst. Its up 0.19, from 0.78 in 2017Q2. It increased, as 57 investors sold Rite Aid Corporation shares while 77 reduced holdings. 43 funds opened positions while 87 raised stakes. Another trade for 304,260 shares valued at $10.98 million was sold by Caruso Daniel. Philadelphia invested 0.01% in Rite Aid Corporation (NYSE:RAD). Tdam Usa reported 45,254 shares. Arete Wealth Advsr Limited Liability Corp reported 0.01% stake. Comerica Bankshares invested in 0% or 51,965 shares. Wg Shaheen Assocs Dba Whitney has 30,100 shares. Old Mutual Customised Solutions (Proprietary) holds 29,500 shares or 0.01% of its portfolio. Citadel Advsr Ltd Liability Corp accumulated 1.90M shares.

With the Centers for Disease Control and Prevention (CDC) reporting widespread flu activity in 46 states, Rite Aid is urging people to get vaccinated against the flu if they haven't already done so. Finally, Dimensional Fund Advisors LP raised its position in shares of Rite Aid by 71.2% during the 3rd quarter. The Company operates under The Rite Aid name. Brookstone Capital reported 0% stake. Oppenheimer Asset Management holds 0.01% or 13,805 shares in its portfolio. 100.12 million shares or 1.90% more from 98.25 million shares in 2017Q2 were reported.

RAD is now overvalued by 3.38% relative to the average 1-year price target of $2.07 taken from a group of Wall Street Analysts.

Analysts expect Zayo Group Holdings, Inc. Moreover, Lumina Fund Mgmt Limited Company has 0.02% invested in Rite Aid Corporation (NYSE:RAD) for 112,000 shares. Beta value of the stock is marked at 1.37.

When we look at the Analyst Recommendations of the stock, the company has 3 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 29% are positive. Occidental Petroleum Corporation had 76 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of TELUS Corporation (NYSE:TU) has "Neutral" rating given on Tuesday, November 21 by Bank of America. Barclays Public Ltd accumulated 0% or 158,712 shares. The rating was downgraded by Credit Suisse on Thursday, October 29 to "Neutral". As per Wednesday, November 1, the company rating was maintained by KeyBanc Capital Markets. As per Wednesday, September 13, the company rating was downgraded by National Bank Canada. As per Friday, August 11, the company rating was maintained by Cowen & Co. On Thursday, September 17 the stock rating was maintained by Mizuho with "Buy".

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