Rite Aid (RAD) in Focus: Stock Adds 8.5% in Session - Tale of the Tape

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Rite Aid Corporation ( RAD ) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $3.35 to $3.64 since Dec 27.

This retail drugstore chain has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past 30 days. The Zacks Consensus Estimate hasn't been in a trend either. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rite Aid currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Better-ranked stocks in the broader retail sector include Conns, Inc. ( CONN ), Bon-Ton Stores Inc. ( BONT ) and Herbalife Ltd. ( HLF ). While Conns, Inc. and Bon-Ton Stores sport a Zacks Rank #1 (Strong Buy), Herbalife carries a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: BONT , CONN , HLF , RAD

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