|Bid||1.86 x 153200|
|Ask||1.87 x 110900|
|Day's Range||1.84 - 1.90|
|52 Week Range||1.38 - 8.77|
|PE Ratio (TTM)||22.62|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Rite Aid Corporation (NYSE:RAD) has a new lease on life. Now that the sale of stores to Walgreens Boots Alliance Inc (NASDAQ:WBA) has begun, Rite Aid has the cash flow it needs to reduce a crushing debt burden and RAD stock has bounced off its lows as a result. The only thing left to decide is if Rite Aid will have a second act as a regional drug store or if it destined to sell itself off.
General Electric Company (NYSE:GE) has had a tough go of it, which is reflected in the GE stock price. Are you a proponent of the so-called efficient market hypothesis, which assumes that at any given time, all information about a company is reflected in that company’s stock price? On a less cerebral level, do you believe that cliches become cliches for good reason?
The combination of CVS Health Corp (NYSE:CVS) with Aetna Inc (NYSE:AET) seems like a strong move, and it raises questions as to who will scoop up Rite Aid Corporation (NYSE:RAD) and its stores and pharmacy management business. This may save both firms money because people may be enticed to use CVS clinics instead of going to the doctor. In addition, when people go to the clinics, they’ll be right there in a CVS store.
Rating Action: Moody's downgrades GNC's CFR to Caa1; Outlook is Negative. Global Credit Research- 05 Dec 2017. New York, December 05, 2017-- New York,-- Moody's Investors Service, today downgraded the ...
Recently, a rotational trade has gripped the market wherein money is flowing out of big-multiple, big-growth names like Amazon.com, Inc. (NASDAQ:AMZN) and into low-multiple, big-tax-rate names like Nordstrom, Inc. (NYSE:JWN). JWN stock was far too beaten-up, trading at just 14 times 2017 earnings estimates. Amazon’s North America retail business is experiencing super-charged growth thanks to a confluence of tailwinds, including the integration of Whole Foods Market, Inc. (NASDAQ:WFM) and huge demand for Amazon’s suite of smart home products.
It is uncertain who in the U.S. government will carry out an antitrust review of CVS Health Corp's deal to buy health insurer Aetna Inc, but the drugstore company is likely hoping the potentially more lenient Federal Trade Commission gets the nod, antitrust experts say. The Justice Department's Antitrust Division and Federal Trade Commission share the job of reviewing mergers to make sure they don't hurt consumers, but sometimes it comes down to a coin toss as to who reviews a deal that involves both agencies' areas of expertise. The Justice Department might be best-placed since it recently reviewed, and stopped, two insurance industry tie-ups, including Aetna's plan to buy rival Humana Inc.
For more than two years, pharmaceutical giant Walgreens Boots Alliance Inc (NASDAQ: WBA ) has been "tap dancing horizontally" with smaller rival Rite Aid Corporation (NYSE: RAD ). In the end, ...
As expected, ever since Amazon purchased Whole Foods, there has been plenty of speculation as to who might be next. The Whole Foods purchase was specific and synergistic. The problems with buying up just any old company for billions of dollars are that first, it costs billions of dollars and while Amazon has a few billion, it doesn’t have many many billions, and second, it requires overhead.
The New York Times ran an article Nov. 22 entitled Grand Buildings Help Keep Macy’s Afloat, an ode to the company’s vast treasure chest of real estate assets in major cities across the country. It’s not a new argument that Macy’s real estate is worth more than the department store’s $7.3 billion market cap. Lots of people think it is a factor that can help save M stock.
Rating Action: Moody's Affirms Seven Classes of GSMS 2016- GS4. Global Credit Research- 01 Dec 2017. Approximately $807 Million of Structured Securities Affected.
Most importantly, Rite Aid is finally starting to transfer ownership of stores to Walgreens. Rite Aid recently added Apple Pay as a payment option for online purchases. Rite Aid is getting rid of a big chunk of its under-performing brick-and-mortar locations while simultaneously boosting its online business.
US-based (SPY) drugstore chain Rite Aid (RAD) announced that it was adding Apple’s (AAPL) Apple Pay as a payment option for online purchases.
Jamie Dimon says that the corporate tax cuts that Congress is close to getting done are akin to QE4. He made the remarks at an Axios event where he also defended share buybacks. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the volatile day for the bitcoin market and how JPMorgan and Goldman Sachs are trying to delay the new bitcoin futures.
We say it almost every day: bitcoin is flying high, surging to over $12,800 this morning (up 1440% this year). Sunday evening, the CBOE will launch the first bitcoin futures. Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.
Financials, transports and health care are rallying while tech is selling off again. Should investors expect more sector rotation this week? Yahoo Finance's Alexis Christoforous and Jared Blikre discuss.