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The Chart for Rite Aid Corporation (RAD) Is Flashing Mixed Signals

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Rite Aid Corporation (NYSE:RAD) went down by -5.43% from its latest closing price compared to the recent 1-year high of $32.48. The company’s stock price has collected -14.69% of loss in the last five trading sessions. Barron’s reported on 01/11/22 that CVS Lifts Outlook. Vaccines and Testing Are the Drivers.

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RAD currently public float of 52.26M and currently shorts hold a 25.49% ratio of that float. Today, the average trading volume of RAD was 2.12M shares.

RAD’s Market Performance

RAD stocks went down by -14.69% for the week, with a monthly drop of -0.32% and a quarterly performance of -10.94%, while its annual performance rate touched -30.41%. The volatility ratio for the week stands at 7.87% while the volatility levels for the past 30 days are set at 6.59% for Rite Aid Corporation. The simple moving average for the period of the last 20 days is -7.89% for RAD stocks with a simple moving average of -21.95% for the last 200 days.

Analysts’ Opinion of RAD

Many brokerage firms have already submitted their reports for RAD stocks, with JP Morgan repeating the rating for RAD by listing it as a “Underweight.” The predicted price for RAD in the upcoming period, according to JP Morgan is $12 based on the research report published on June 25th of the previous year 2021.

Deutsche Bank, on the other hand, stated in their research note that they expect to see RAD reach a price target of $27, previously predicting the price at $17. The rating they have provided for RAD stocks is “Hold” according to the report published on March 25th, 2021.

Deutsche Bank gave a rating of “Hold” to RAD, setting the target price at $12 in the report published on April 17th of the previous year.

RAD Trading at -6.29% from the 50-Day Moving Average

After a stumble in the market that brought RAD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.39% of loss for the given period.

Volatility was left at 6.59%, however, over the last 30 days, the volatility rate increased by 7.87%, as shares surge +2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.81% lower at present.

During the last 5 trading sessions, RAD fell by -14.69%, which changed the moving average for the period of 200-days by -36.60% in comparison to the 20-day moving average, which settled at $13.63. In addition, Rite Aid Corporation saw -14.64% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RAD starting from Donigan Heyward R, who purchase 14,350 shares at the price of $13.93 back on Dec 22. After this action, Donigan Heyward R now owns 559,498 shares of Rite Aid Corporation, valued at $199,960 using the latest closing price.

Konrad Jocelyn Z, the Executive VP of Rite Aid Corporation, sale 28,384 shares at $15.42 during a trade that took place back on Jul 29, which means that Konrad Jocelyn Z is holding 95,065 shares at $437,571 based on the most recent closing price.

Stock Fundamentals for RAD

Equity return is now at value -30.60, with -1.80 for asset returns.

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