Rite Aid Corporation (RAD) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $3.35 to $3.64 since Dec 27.
This retail drugstore chain has seen a mixed track record when it comes to estimate revisions of three increases and two decreases over the past 30 days. The Zacks Consensus Estimate hasn’t been in a trend either. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Rite Aid currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Better-ranked stocks in the broader retail sector include Conns, Inc. (CONN), Bon-Ton Stores Inc. (BONT) and Herbalife Ltd. (HLF). While Conns, Inc. and Bon-Ton Stores sport a Zacks Rank #1 (Strong Buy), Herbalife carries a Zacks Rank #2 (Buy).
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RITE AID CORP (RAD): Free Stock Analysis Report
CONN'S INC (CONN): Free Stock Analysis Report
BON TON STORES INC (BONT): Free Stock Analysis Report
HERBALIFE LTD (HLF): Free Stock Analysis Report
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