Rite Aid Corporation s in-depth stock price analysis indicates that the stock price has dropped -26.86% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -24.5% . Looking at the past 52 week period, the stock price is down -28.26% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Rite Aid Corporation has a positive value of 1.1 compared to overall market. Stocks of Rite Aid Corporation (NYSE:RAD) rallied by 6.45% during the past week but lost 35.22% on a 4-week basis. The company has outperformed the S&P 500 by 5.59% in the past week but underperformed the index by 36.38% in the last 4 weeks.
Rite Aid Corporation (NYSE:RAD) : On Friday heightened volatility was witnessed in Rite Aid Corporation (NYSE:RAD) which led to swings in the share price. The stock opened for trading at $5.55 and hit $5.7 on the upside , eventually ending the session at $5.61, with a gain of 2.37% or 0.13 points. The heightened volatility saw the trading volume jump to 19,891,332 shares. The 52-week high of the share price is $8.77 and the company has a market cap of $5,904 million. The 52-week low of the share price is at $5.2 .
Rite Aid Corporation Last issued its quarterly earnings results on Dec 22, 2016. The company reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.05. The company had revenue of $8090.00 million for the quarter, compared to analysts expectations of $8227.81 million. The companys revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.
Company has reported several Insider transactions to the SEC, on Jun 17, 2016, Douglas E Donley (SVP) sold 34,106 shares at 7.78 per share price.On Jul 13, 2015, Tony Montini (EVP) sold 353,194 shares at 8.38 per share price.On Apr 17, 2015, Joseph B Jr Anderson (director) sold 150,000 shares at 8.25 per share price.
Rite Aid Corporation is a retail drugstore chain in the United States serving customers in numerous states across the country and in the District of Columbia. It operates stores in the majority of the major U.S. metropolitan markets. The company operates in two business segments: the retail drug segment and the pharmacy benefit management segment.