Rite Aid Corporation (NYSE:RAD) Slips -7.33% in Pre-market

Rite Aid Corporation (NYSE:RAD) Slips -7.33% in Pre-market”

Its down 0.46, from 1.24 in 2016Q3. It is negative, as 67 investors sold RAD shares while 114 reduced holdings.

These funds have shifted positions in (RAD).

The counter witnessed a trading volume of 0.77 million shares versus an average volume of 0.03 million shares during last trading session. Sigma Planning reported 19,998 shares or 0.03% of all its holdings. Blackrock Japan holds 1.41M shares or 0.04% of its portfolio. On average, equities analysts predict that Rite Aid Corporation will post ($0.10) earnings per share for the current fiscal year.

Rite Aid Corporation (NYSE:RAD) last released its quarterly earnings data on Thursday, June 29th.

Shares of Cavium, Inc. Company shares were recently noted -12.34% off of the 50-day high and 89.86% away from the 50-day low. Ancora Advsrs Limited Liability holds 0.02% or 31,800 shares in its portfolio.

Rite Aid Corporation (RAD) shows its Return on Assets (ROA) value of -0.6 percent, while the Return on Equity (ROE) value is -10.9 percent and Return on Investment (ROI) value stands at 5.4 percent. The firm's shares opened today at 0. Grimes holds 0.01% or 14,450 shares in its portfolio.

Company shares are trading at $2.49 marginally over $2.37, the stock's 50 day moving average and which is well below the 200 day moving average of $3.38. Dekabank Deutsche Girozentrale, Germany-based fund reported 32,456 shares. Sei Invests has 211,684 shares for 0.01% of their portfolio. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 17% are positive. Geode Cap Management Limited Liability Corporation reported 0.03% of its portfolio in Rite Aid Corporation (NYSE:RAD). The firm has "Hold" rating by Evercore given on Wednesday, January 6. The legal version of this piece of content can be viewed at Vetr downgraded the shares of RAD in report on Thursday, August 6 to "Buy" rating. The rating was downgraded by Goldman Sachs on Thursday, October 29 to "Neutral". The stock of Rite Aid Corporation (NYSE:RAD) has "Neutral" rating given on Wednesday, April 26 by Guggenheim. The firm earned "Buy" rating on Friday, August 14 by Vetr. Gulf Intl Comml Bank (Uk) Ltd invested 0.04% in Rite Aid Corporation (NYSE:RAD). Bank of America reinitiated Rite Aid Corporation (NYSE:RAD) rating on Friday, June 30. Architects Inc stated it has 1,700 shares or 0% of all its holdings. It also reduced its holding in St Jude Med Inc (NYSE:STJ) by 150,000 shares in the quarter, leaving it with 350,000 shares, and cut its stake in Dell Technologies Inc. Rite Aid Corporation has 1.05 billion shares outstanding, and in the last trade has seen ATR around 0.1. FMR LLC now owns 29,123,366 shares of the company's stock valued at $85,914,000 after purchasing an additional 19,542,772 shares in the last quarter. The consensus recommendation for stock is 3.00. Therefore 79% are positive.

RAD has been the subject of several recent analyst reports. The rating was initiated by Bank of America on Thursday, August 13 with "Buy". Barclays Capital maintained Intercontinental Exchange Inc (NYSE:ICE) on Friday, September 4 with "Overweight" rating. Vetr upgraded it to "Buy" rating and $10.14 target in Wednesday, August 19 report. During the last month, the stock has changed 9.99% and performed 24.27% over the last 6 months. UBS maintained the stock with "Buy" rating in Thursday, August 4 report.

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