What the Insider Data Suggests About Rite Aid Corporation (RAD)

Friday, 08 Dec, 2017

RAD 's 20-day moving average now sits above its 100-day moving average.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on December, 28.

Rite Aid Corp (NYSE:RAD)'s revenue estimates for the current quarter are $7.35 Billion according to 4 number of analysts, for the current quarter the company has high revenue estimates of $7.78 Billion in contradiction of low revenue estimates of $6.98 Billion. The firm has "Hold" rating given on Thursday, January 26 by Numis Securities. The rating was upgraded by Vetr to "Buy" on Friday, August 14. The firm earned "Hold" rating on Wednesday, October 25 by RBC Capital Markets. Loop Capital maintained Rite Aid Corporation (NYSE:RAD) on Friday, September 29 with "Hold" rating. IGC's SI was 539,500 shares in December as released by FINRA. Ruggie Cap Gru stated it has 1,000 shares. The stock increased 4.81% or $0.0113 during the last trading session, reaching $0.2463. Par reported 9.00M shares stake. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since December 4, 2016 and is uptrending. Therefore 30% are positive.

According to Zacks, "Rite Aid, which has lagged the broader industry year to date, has had quite an eventful ride of late". Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Friday, August 14. As per Friday, September 30, the company rating was initiated by Mizuho. When stocks are *very* In Play one can see a RVOL of 5 and above.

Investors sentiment increased to 1.01 in 2017 Q2. Its down 0.46, from 1.24 in 2017Q1. 50 funds opened positions while 91 raised stakes. In the most recent quarter, institutional ownership decreased by a net of 12.04 million shares, or 2.21%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for RAD overall.157 holders increased their positions, 162 decreased their positions, and 83 holders held their positions. It fall, as 85 investors sold RAD shares while 96 reduced holdings. California Public Employees Retirement System now owns 2,402,933 shares of the company's stock valued at $7,089,000 after purchasing an additional 171,800 shares in the last quarter. There has been an observed change of -0.25% in the ownership of the shares in the past six months. Fairfield Bush & holds 14,000 shares or 0.01% of its portfolio. The average investment rating for RAD on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.29 or a Hold. Rhenman And Prtn Asset Ab holds 0.15% or 350,000 shares in its portfolio. Royal Bank Of Canada started coverage on shares of Rite Aid in a research note on Tuesday, September 19th. The company holds 1.14 billion outstanding shares and 1.05 billion shares are floating in market. During the same period in the prior year, the firm posted $0.03 EPS. analysts forecast that Rite Aid Co. will post -0.1 earnings per share for the current year. Rite Aid posted dismal second quarter-fiscal 2017 results almost a week after receiving FTC's nod. The Company's segments include Retail Pharmacy and Pharmacy Services. It has a 11.77 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

Rite Aid Corporation (NYSE:RAD) has a 20-day RSI of 49.98%. It has underperformed by 71.88% the S&P500. Its up 0.02, from 1.22 in 2017Q1. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal. Bank of America downgraded Caesarstone Ltd. (NASDAQ:CSTE) on Thursday, August 6 to "Neutral" rating. Pentwater Capital Management Lp sold 13.55M shares as the company's stock declined 41.75% while stock markets rallied. Private Advisor Group Inc Limited Liability, a New Jersey-based fund reported 43,705 shares. Nomura Asset Mngmt Limited holds 0% or 27,277 shares in its portfolio. Pentwater Cap Mgmt Limited Partnership has 0.05% invested in Rite Aid Corporation (NYSE:RAD). Previously Rite Aid Corp (NYSE:RAD) reported $-0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.01 by $0 with surprise factor of 0%. Us Bancorp De has 32,384 shares. Credit Suisse downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, October 29 to "Neutral" rating. First Allied Advisory Serv reported 0% stake.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. State of New Jersey Common Pension Fund D grew its holdings in shares of Rite Aid by 1.7% in the third quarter.

On the other hand Rite Aid Corp (NYSE:RAD) has Relative Strength Index (RSI 14) of 50.23 along with Average True Range (ATR 14) of 0.14.