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Rite Aid (RAD) in Focus: Stock Moves 7% Higher

Zacks Equity Research

Rite Aid Corporation RAD was a big mover last session, as the company saw its shares rise 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 56.2% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent 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 0.00%.  

Rite Aid Corporation Price

Rite Aid Corporation Price

Rite Aid Corporation price | Rite Aid Corporation Quote

A better-ranked stock in the Retail-Wholesale sector is Boot Barn Holdings, Inc. BOOT, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is RAD going up? Or down? Predict to see what others think: Up or Down

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