Back to top

Rite Aid (RAD) in Focus: Stock Moves 6.8% Higher

Read MoreHide Full Article

Rite Aid Corporation (RAD - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 37.8% in the past one-month time frame.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Rite Aid currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Rite Aid Corporation Price

Investors interested in the Retail-Wholesale sector may consider Advance Auto Parts, Inc. (AAP - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is RAD going up? Or down? Predict to see what others think:Up or Down

Looking for Stocks with Skyrocketing Upside?
 
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
 
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
 
See the pot trades we're targeting>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Advance Auto Parts, Inc. (AAP) - free report >>

Rite Aid Corporation (RAD) - free report >>

More from Zacks Tale of the Tape

You May Like

Published in