Today's Research Reports on Trending Tickers: Rite Aid and Walgreens Boots Alliance
NEW YORK, NY / ACCESSWIRE / September 20, 2017 / All of the major indexes reached new record highs on Tuesday as Federal Reserve policymakers kicked off their two-day policy meeting. The Dow Jones Industrial Average increased 0.18 percent to close at 22,370.80, its 8th consecutive record close and the 41st of 2017, while the S&P 500 Index gained 0.11 percent to close at a record 2,506.65, its 36th record close of 2017. The NASDAQ Composite Index rose 0.10 percent to close at a record 6,461.32, its 49th record close of the year.
"It seems the market is holding its breath and waiting for what the Fed has to say regarding the economy and any future interest rate hikes," said Ryan Detrick, senior market strategist at LPL Financial.
"The market could throw a little bit of a fit if they push (balance sheet reduction) back. It could hurt financials and the overall market might not like the uncertainty," added Detrick.
RDI Initiates Coverage on:
Rite Aid Corporation
https://rdinvesting.com/news/?ticker=RAD
Walgreens Boots Alliance Inc.
https://rdinvesting.com/news/?ticker=WBA
Rite Aid's stock fell 12.09% Tuesday, to close the day at $2.40. The stock recorded a trading volume of 102,833,111 shares, which was above its three months average volume of 34,365,700 shares. In the last year, Rite Aid's shares have traded in a range of 2.21 - 8.77. The stock is currently trading 72.63% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $2.37 is below its 200-day moving average of $3.38. Shares of Rite Aid have fallen approximately 70.87 percent year-to-date.
Access RDI's Rite Aid Corporation Research Report at:
https://rdinvesting.com/news/?ticker=RAD
On Tuesday, shares in Walgreens Boots Alliance recorded a trading volume of 7,442,764 shares, which was above the three months average volume of 5,651,640 shares. The stock ended the day 1.68% lower at 81.21. The stock is currently trading 9.45% below its 52-week high with a 52-week trading range of 75.18 - 89.69.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $81.35 is below its 200-day moving average of $81.89. Shares of Walgreens Boots Alliance Inc. are trading at a Price to Earnings ratio of 20.51. Shares of Walgreens Boots Alliance have fallen approximately 1.87 percent year-to-date.
Access RDI's Walgreens Boots Alliance Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WBA
Our Actionable Research on Rite Aid Corporation (NYSE: RAD) and Walgreens Boots Alliance Inc. (NASDAQ: WBA) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
