Rite Aid Corporation
) 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
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
Better-ranked stocks in the broader retail sector include
Bon-Ton Stores Inc.
). 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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