Financial

Moving Stock’s Update: Rite Aid Corporation (NYSE:RAD), Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

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Rite Aid Corporation (NYSE:RAD) initiated the shares trading at $6.90 and showed negative change of -0.29% while the stock’s final trade was registered at $ 6.85. However, its previous closing price was seen at $6.87. The stock negotiated total number of 22.35 million shares as compared to 3 months average volume of 16.2 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 7.58 and had been down from its 200 Day Moving Average of 7.84.

Rite Aid Corporation’s (RAD) has price-to-cash ratio of 50.95 and price to sale ratio of 0.23. The company net profit margin is 0.40% and gross profit margin is 24.40%. A look on the firm performance, its monthly performance is -12.63% and a quarterly performance of -14.48%. The stock price is moving down from its 20 days moving average with -8.92% and isolated negatively from 50 days moving average with -11.14%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 2 Months Ago, shares have been suggested as “BUY” from “4” brokerage firms and recommended as “Strong Buy” by “0” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “2.6” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) climbed +0.68% and ended at $81.77 greater than previous closing price of $81.22. The total 4.57 million shares were bought and sold throughout the most recent trading session less than average volume of 4.9 million shares.

Walgreens Boots Alliance, Inc. (WBA) reported that its board of directors has reported a quarterly dividend of 37.5 cents per share, an raise of 4.2 percent. The raised dividend is payable 12 September 2016 to stockholders of record 19 August 2016, and raises the yearly rate from $1.44 per share to $1.50 per share.

The average true range of Walgreens Boots Alliance, Inc.’s (WBA) is recorded at 1.69 and the relative strength index of the stock stands 50.93. The stock price is going above to its 52 week low with 15.43% and lagging behind from its 52 week high with -14.47%. Analyst recommendation for this stock stands at 2.20. A look on the firm performance, its monthly performance is -3.07% and a quarterly performance of 1.31%. The stock price is trading upbeat from its 200 days moving average with 0.53% and up from 50 days moving average with 1.77%.

Brokerage Recommendations:

According to ZACKS data, different Brokerage Firms rated the stock about their BUY, SELL or HOLD recommendations. 2 Months Ago, shares have been suggested as “BUY” from “5” brokerage firms and recommended as “Strong Buy” by “2” brokerage firms. 0” brokerage firms have issued “Sell” rating for the company and “Strong Sell” rating was issued by “1.72” brokerage firms. “0” brokerage firms have rated the company as a “Hold”. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings.

 

 

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