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The Investors Buy Large Volume of Put Options on Rite Aid (RAD)
06 December 2017, 09:01 | Kelvin Horton
Thereafter, both the entities entered into a new deal, per which Walgreens will buy certain Rite Aid stores and related assets. The company P/S (price to Sales) ratio is 0.07, P/B (price to Book) ratio is 2.74, while its P/C (price to Cash) ratio stands at 8.81. In terms of relative volume, these shares are trading at 1.14x their normal volume.
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. It has underperformed by 71.88% the S&P500. Sandy Spring Financial Bank reported 0% stake. It is positive, as 32 investors sold NNN shares while 78 reduced holdings. Exxon Mobil Corp now has $356.43 billion valuation. Among active positions in the latest quarter, 157 holders increased their positions by a total of 91.26 million shares, 162 holders decreased the positions by a total of 103.3 million shares, and 83 holders held their positions. About 3.79 million shares traded or 40.37% up from the average.
From another technical standpoint, Rite Aid Corporation (NYSE:RAD)'s 14-day Relative Strength Index (RSI) has reached 55.1, putting it inside a neutral zone.
For the current quarter, 3 analysts are projecting a mean EPS of $-0.02/share.
For the ongoing Fiscal Quarter, 4 analysts have an average earnings forecast of $-0.04 per share. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Rite Aid Corporation (NYSE:RAD). According to today's trading volume Rite Aid Corporation is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.
Equity research analysts at Deutsche Bank gave a key Hold rating for Rite Aid Corp (NYSE:RAD). Vetr upgraded Rite Aid Corporation (NYSE:RAD) rating on Wednesday, August 19. (NYSE:NNN) has "Outperform" rating given on Friday, February 12 by FBR Capital. The stock of Rite Aid Corporation (NYSE:RAD) earned "Neutral" rating by Mizuho on Thursday, July 20. 400 were reported by Ledyard Retail Bank. Rite Aid has $11 highest and $2.0 lowest target.
While having a peek at profitability ratios Rite Aid Corp (NYSE:RAD) has trailing twelve month gross margin at 23.4%, its trailing twelve month operating margin stands at 1.9% whereas its trailing twelve month net profit margin spots at 0.3%. Zacks Investment Research raised shares of Rite Aid from a "sell" rating to a "hold" rating in a research note on Friday, November 17th.
Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.
Rite Aid (NYSE:RAD) traded down $0.12 during mid-day trading on Tuesday, reaching $1.76. Monetary Management Group Inc bought 10,200 shares as the company's stock declined 5.27% while stock markets rallied. Boston Ltd Llc, a Massachusetts-based fund reported 79,500 shares. Price T Rowe Associates Md owns 19.36M shares or 0.01% of their U.S. portfolio. Pentwater Cap Management Ltd Partnership, a Illinois-based fund reported 2.05M shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 47,579 shares. Guggenheim Limited Liability Company stated it has 45,930 shares or 0% of all its holdings. The New York-based Iguana Health Management Limited Liability Company has invested 0.25% in Rite Aid Corporation (NYSE:RAD). Silvercrest Asset Grp Ltd Co stated it has 0.79% of its portfolio in EOG Resources, Inc. Finally, Utah Retirement Systems boosted its stake in Rite Aid Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. increased its position in shares of Rite Aid by 4.2% in the first quarter. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell. Therefore 38% are positive. 77,412 were reported by Point72 Asia (Hong Kong) Limited. Piper Jaffray maintained Exxon Mobil Corporation (NYSE:XOM) on Thursday, August 17 with "Hold" rating. Vetr upgraded it to "Buy" rating and $10.14 target in Friday, August 14 report. On Tuesday, January 10 the stock rating was maintained by Scotia Capital with "Outperform". The firm earned "Buy" rating on Wednesday, October 14 by GMP Securities. The firm has chose to set a "Hold" rating along with a $2.25, adding 27.12 % to the target. The firm has "Hold" rating given on Wednesday, October 25 by RBC Capital Markets. The firm has "Hold" rating given on Thursday, July 27 by Jefferies. Rite Aid Corporation's institutional ownership is 52.2%, while its institutional transactions stand at -2.22%. This showed a surprise of 0% in the last quarter earnings.
The company P/E (price to earnings) ratio is 22.93 and Forward P/E ratio is 34.18. Bluecrest Management Ltd, Guernsey-based fund reported 111,455 shares.