Rite Aid Corporation (NYSE:RAD) Caught In Insider Selling Tangle


Dallas, Texas 04/23/2014 (FINANCIALSTRENDS) –  Rite Aid Corporation (NYSE:RAD) the drugstore retailer has received analyst rating based on some high octane insider selling.

Rite Aid Corporation (NYSE:RAD) EVP Robert Ivan Thompson was found to be selling over 25,566 shares of stock, during a transaction which was executed on Wednesday, April 16.

Rite Aid Corporation (NYSE:RAD) EVP has reportedly sold shares in the price range of $7.03, with the average price per share reported at $179,728.98.

Following the sale, the total number of shares held by this Vice President was 749,882 shares, which were approximately priced at $5,271,670.

Rite Aid Corporation (NYSE:RAD) has a market capital of $7.00 billion. The Profit to earnings ratio for this company is $32.2. EPS for the stock is 0.22. Outstanding shares for this company are in the range of 965.41 million. Beta is 2.65.

Rite Aid Corporation (NYSE:RAD) also has an opening stock price on the stock market at $7.06. The infra-day trading price for this stock is priced at $7.25 high and $7.06 low. The 52 week average for this stock is between $2.44 low and $7.39 high.

Rite Aid Corporation (NYSE:RAD) has been rated as HOLD by analysts in the recent weeks. The company has been witness to high revenue growth as well as solid performance on the stock market. In the past quarter, the increased revenue is 2.2%.

The revenue growth was too was found to see a drop to the bottom line. The decline in earnings per share too was found to be clearly established as well. It has also reported a decided decline in earnings per share, in the past quarter. This was in comparison to the comparative earnings in the same quarter of the previous year. It has also reported volatile earnings in the recent times. Therefore, analysts believe that the EPS growth in the past year has been poised for high expansion.