Under Analysts' Radar: Rite Aid Corp (RAD)

As part of the deal Walgreens will own 1,932 Rite Aid stores three distribution centers and related inventory with the acquisition of the company for $4.375 billion

About 36,272 shares traded. (NYSE:IBM) has risen 4.86% since October 13, 2016 and is uptrending. It has underperformed by 10.85% the S&P500.

Matthew Halbower decreased its stake in Rite Aid Corp (RAD) by 86.83% based on its latest 2017Q2 regulatory filing with the SEC. Tig Advisors Llc acquired 597,719 shares as Rite Aid Corp (RAD)'s stock declined 41.75%. Its book value per share for the most recent quarter is $0.54 while its price to book ratio for the same period is 3.06, as for as the company's cash per share for the most recent quarter is $0.2, however its price to cash per share ratio for the same period is 8.15. Rite Aid Corp now has $1.86 billion valuation. Over the same time span, the stock marked US$8.77 as its best level and the lowest price reached was US$1.63.

Amazon.com, Inc. (NASDAQ:AMZN) overall volume in the last trading session was 4,081,838 shares. Vetr downgraded Rite Aid Corporation (NYSE:RAD) rating on Thursday, August 6.

Viveve Medical, Inc. designs, develops, makes and markets a medical device, Geneveve, for the non-invasive treatment of vaginal laxity, for improved sexual function, and for vaginal rejuvenation. It has a market cap of $1.88 Billion. Physicians attach the single-use treatment tip to the handpiece, which is connected to the console.

Investors sentiment decreased to 0.78 in Q2 2017.

The company is trading up by 5.45%% since yesterday's close of 1.65.

Want to see what other hedge funds are holding RAD? 50 funds opened positions while 91 raised stakes. Amalgamated Bank now owns 192,751 shares of the company's stock valued at $569,000 after acquiring an additional 42,475 shares during the last quarter. (NYSE:IBM) for 1,685 shares. 1 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. The Rite Aid Corporation has Relative Strength Index (RSI 14) of 22.92 along with Average True Range (ATR 14) of 0.13. Moreover, West Oak Capital has 0% invested in Rite Aid Corporation (NYSE:RAD) for 1,800 shares. Alliancebernstein Lp holds 0.32% or 2.72M shares. Commonwealth Equity Service invested in 0% or 209,695 shares. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/10/13/ubs-asset-management-americas-inc-has-3-02-million-stake-in-rite-aid-corporation-rad.html. The mean target price as estimated by the analysts for the company has been recorded at $1153.60. 1,800 were reported by West Oak Limited Liability Corporation. Creative Planning has invested 0% in Rite Aid Corporation (NYSE:RAD). The New Jersey-based Prudential Fincl Inc has invested 0% in Rite Aid Corporation (NYSE:RAD). Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Therefore 14% are positive. Rite Aid had 21 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, July 20 the stock rating was downgraded by Mizuho to "Neutral".

Additionally on 9/19/17 RBC Capital "Initiates Coverage On" Rite Aid Corp (NYSE:RAD) to Sector Perform setting price target at $2.5 and on 9/12/17 Loop Capital "Initiates Coverage On" the stock to Hold at $2.5. As per Wednesday, August 19, the company rating was upgraded by Vetr. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Seekingalpha.com and their article: "Rite Aid - Still Needs A Lot Of Aid" published on October 01, 2017 as well as Fool.com's news article titled: "Why Rite Aid Corporation Could Be a Gold Mine for Value Investors" with publication date: September 17, 2017. Guggenheim downgraded the stock to "Neutral" rating in Wednesday, April 26 report. The firm has "Neutral" rating given on Friday, November 13 by JP Morgan. Evercore reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with "Underperform" rating.



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