|Bid||0.6741 x 4000|
|Ask||0.0000 x 1300|
|Day's Range||0.6725 - 0.6990|
|52 Week Range||0.6000 - 2.1200|
|Beta (3Y Monthly)||1.92|
|PE Ratio (TTM)||1.16|
|Earnings Date||Sep 20, 2017 - Sep 25, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.75|
struggling stock could soon get a boost after shareholders approved a reverse split of the security, which will cut down on the number of shares traded and in turn boost the stock price. Rite Aid shares are currently trading well below $1 per share, putting it in danger of being delisted from the New York Stock Exchange. Rite Aid shares were falling 2.4% to 68 cents on Thursday.
Rite Aid shareholders have backed a plan to lift the struggling drugstore chain's stock price and keep it from being kicked off the New York Stock Exchange. Stock owners approved on Thursday a reverse split of the company's stock that aims to reduce the number of shares traded and boost the price of those that remain. Rite Aid's board now has to decide the ratio of the split, which could involve consolidating 10, 15 or 20 shares into one.
Today, a year after the Prescription Drug Safety program was rolled out in high schools in Western Pennsylvania, The Rite Aid Foundation, the Office of the Attorney General and the Pittsburgh Penguins Foundation led a special training session for 50 additional teachers in Western Pennsylvania on the program, which is an innovative digital course about prescription drug abuse prevention. The training is part of ongoing efforts by The Rite Aid Foundation, the Office of the Attorney General and the Pittsburgh Penguins Foundation to combat adolescent prescription drug abuse and misuse in Pennsylvania.
Rite Aid Corp. said Thursday that shareholders at its annual meeting have approved a plan for a reverse stock split. The drugstore chain said 78% of shareholders voted in favor of the move. The company's board will now decide on a ratio of either 1-for-10, 1-for-15 or 1-for-20. The aim is to help the company regain full compliance with New York Stock Exchange listing rules, which require that the price remains at $1.00 for 30 straight trading days. The stock was last quoted at 68 cents, down 2% on the day. Shares have fallen 56% in the last 12 months, while the S&P 500 has gained 4%.
Rite Aid shareholders have approved the company's reverse stock split, the company announced Thursday, a move aimed at keeping the drugstore chain's shares trading on New York Stock Exchange.
In an effort to help address adolescent drug abuse and misuse in Pennsylvania, The Rite Aid Foundation is bringing the Prescription Drug Safety program, an innovative digital course about prescription drug abuse prevention, to Harrisburg-area high schools. The program, developed by EVERFI, the nation’s leading education technology innovator used in one in seven schools nationwide, will be made available to high schools in Cumberland, Dauphin, and York counties at no cost. Representatives of The Rite Aid Foundation, Executive Deputy Attorney General for Public Engagement Rob Reed and Harrisburg School District officials announced the launch of the new program during a press conference and demonstration at Harrisburg High School SciTech Campus.
U.S. stock benchmarks on Wednesday finished firmly higher, with the S&P 500 and the Nasdaq registering their third straight gains, amid a grounded by the U.S. of Boeing Co. 's 737 Max jets, and a closely followed Brexit vote. The Dow Jones Industrial Average gained 148 points, or 0.6%, to reach 25,702. the S&P 500 index advanced 0.7% to 2,811, finishing above the psychologically significantly level at 2,800 for the first time since March 1, according to FactSet data. Meanwhile, the Nasdaq Composite Index climbed 0.7% to 7,643, all values are rounded and on a preliminary basis. President Trump on Wednesday told reporters in the White House that the Federal Aviation Administration would ground Boeing Co.'s fleet of 737 MAX airliners effectively immediately, after a wave of similar groundings that took place by regulatory bodies and air carriers outside of the U.S. The order follows two high-profile crashes of 737 Max planes within about four months, with the latest occurring in Ethiopia. The crashes have buffeted shares of Boeing, which had lost nearly 11% of its value so far this week. Boeing's stock finished up 0.5% on Wednesday, in bumpy trade, snapping a seven-session decline. Meanwhile, British lawmakers ruled out a no-deal exit from the European Union, with a vote on Thursday on an extension of a March 29 deadline to strike a new trade pact with Europe.
The latest on developments in financial markets (all times local): 4 p.m. Stocks closed higher on Wall Street, led by gains in health care and technology companies and giving the market its third straight ...
Another robust trading session has the S&P 500 threatening to run higher, especially if the index can stay over this ~2,800 level. That said, there were some big movers in both directions today, so let's get a look at our top stock trades moving forward. Top Stock Trades for Tomorrow 1: Aurora CannabisShares of Aurora Cannabis (NYSE:ACB) were flying higher Wednesday, up almost 13% after it was announced that Nelson Peltz would be an advisor to the company. It thrust the stock over resistance near $8.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks Winning in 2019 and Beyond This mark had kept a lid on ACB over the last five months and as it gives way, there's a lot of potential upside. Don't forget, in October ACB was trading north of $10 while its 52-week high is $12.52.Below $8 and there's cause for concern among bulls. I would not be long this name below the 21-day moving average or uptrend support. Top Stock Trades for Tomorrow 2: RokuIn the opposite direction we have Roku (NASDAQ:ROKU). This stud is still up 100% so far on the year, but a pair of downgrades on Wednesday morning knocked it down by $10 a share. Sheesh!Clearly this doesn't change Roku's fundamental outlook, but the declines likely ushered in profit takers who have been long this stock for its post-earnings run. Now I need to see uptrend support hold and I want to see Roku stock close above the 21-day moving average.If that's the case, bulls may have a case to be long, but it wouldn't be bad for Roku stock to digest some of this big move. A test of this $58 area would allow ROKU to retrace about 50% of its day-one earnings rally. Also worth pointing out is that Roku stock, at its lows on Wednesday, sat at the 61.8% Fibonacci retracement from its post-earnings range. See if it holds Wednesday's low and reclaims the 21-day. Top Stock Trades for Tomorrow 3: Rite AidWhat have we always said here on InvestorPlace? Do. Not. Invest. In. Rite Aid (NYSE:RAD)!There's a reason why as this name is volatile and circling the drain. Long or short can get both investors hurt and that's why it's been a no-touch for me for a long time. Notice on the chart that the stock couldn't even get above $1 back in January.An eventual delisting is likely and even today, RAD couldn't hold its gains. I expect this one to take out 65 cents and if it does, it will likely go below its 52-week low at 60 cents. I'm not shorting, but I'm definitely not buying it. Top Stock Trades for Tomorrow 4: ExpressAnother struggler, investors had a warning in Express (NYSE:EXPR) before Wednesday's 10.5% post-earnings fall.Notice the purple arrows on the chart. Arrow No. 1 told investors that support near $5.08 was no longer in play. Arrow No. 2 showed that the retest of support failed, just before earnings. Even if it had barely reclaimed support, the pre-earnings breakdown was warning enough with a name like this.Now sub-$5 and I find little reason to stick with EXPR. Expect rallies to be met with sellers until the tide changes. Top Stock Trades for Tomorrow 5: PayPalAfter breaching $100, PayPal (NASDAQ:PYPL) stock is pulling back. It's clear that momentum is bullish in PYPL and that makes it a solid buy-the-dip candidate. * 15 Stocks Sitting on Huge Piles of Cash It's totally possible that we get more upside follow through above $100 on Thursday. Particularly given that shares are not yet overbought. However, I'll be looking for an eventual pullback into uptrend support and the 21-day moving average. If we get it, bulls have a great risk/reward setup.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 5 Top Stock Trades for Thursday: Aurora Cannabis, Roku, Rite Aid appeared first on InvestorPlace.
Shares of CVS Health (CVS) surged over 4% through mid-afternoon trading Wednesday on the back of a bullish call from Bernstein analysts. The drugstore chain is also coming off a stronger-than-expected fourth quarter. So, is now the time to buy CVS stock?
Rite Aid (RAD) announces leadership transition and organizational revamping in a bid to better align its operations and minimize costs.
jumped Wednesday after the drugstore chain said it put in place a leadership transition plan that includes the resignation of CEO John Standley. Chief Operating Officer Kermit Crawford, Chief Financial Officer Darren Kast and Derek Griffith, executive vice president of store operations, also will be departing under the transition plan. Bryan Everett, chief operating officer of Rite Aid Stores, has been named chief operating officer of the entire company, while Matt Schroeder, chief accounting officer and treasurer, will become chief financial officer, Rite Aid said.
Rite Aid said it will take action to reduce managerial layers and consolidate roles across the company. The company's action will result in the elimination of around 400 full-time jobs or more than 20 percent of corporate positions. The company's actions will offset an expected reduction in revenue as part of its diminishing obligations with Walgreens Boots Alliance Inc (NASDAQ: WBA), related to the prior sale of stores.
Here are some of the companies with shares expected to trade actively in Wednesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
Wall Street was set to open higher on Wednesday after economic data further supported the Federal Reserve's patient stance on future rate hikes and optimism that British lawmakers were set to rule out a no-deal Brexit. Boeing Co reversed losses to trade 1.9 percent higher in premarket trading for the first time in three days after one of its planes crashed in Ethiopia.
’s chief executive will depart following a nine-year stint and two failed merger attempts that left the stock languishing at less than $1. Shares in the drugstore chain jumped nearly 18 per cent in pre-market trading on Wednesday, after the company last night said John Standley will step down as CEO. Also leaving the company are chief financial officer Darren Karst and chief operating officer Kermit Crawford.
shares continued to come under pressure and as investors monitored the latest developments surrounding the U.K.'s exit from the European Union. Contracts tied to the Dow Jones Industrial Average fell 11 points, futures for the S&P 500 were up 2.25 points, and Nasdaq futures rose 6.50 points. Stocks on Tuesday finished mostly higher, but the Dow declined after Boeing fell again, capping the stock's biggest two-day decline in nearly 10 years after the European Union became the latest aviation authority to ground the aerospace giant's 737 MAX 8 jet following Sunday's deadly Ethiopian Airlines crash.
Rite Aid Corp., facing investor pressure amid disappointing performance, disclosed plans Tuesday to replace three of its top ranked executives, including Chief Executive John Standley. Rite Aid’s announcement comes months after shareholders rejected the company’s executive-pay program and a prospective merger with grocery chain Albertsons Cos. fell apart. Rite Aid and Albertsons called off the deal in August, about six months after the deal was struck, as it became clear that a key group of investors was against it.
Rite Aid Corp said on Tuesday its chief executive officer would exit as part of a revamp of its leadership, and that it would slash about 400 corporate positions. Camp Hill, Pennsylvania-based Rite Aid said the layoffs will affect more than 20 percent of corporate positions located at the company's headquarters and across field operations. John Standley, CEO since 2010, will remain in the post until the appointment of his successor, the company said.