Rite Aid Corporation (NYSE:RAD) stock surged by 4.13%


Dallas, Texas 08/13/2013 (Financialstrend) – Rite Aid Corporation (NYSE:RAD) had recently presented high level of optimism from its investors in the recent days of trading to further attract huge volume of trading in its shares. The company is presently moving very near its 52 week peak level of prices to ascertain this confidence of the investors in this stock in the recent days of trading. Rite Aid Corporation is a retail druggist in the United States. In the prior 3 months it gain +26.76%.

During its in-progress trading session, the standard gained dimensions of 9.65M shares up-till now, which is worse than its average volume of 19.39M shares. Rite Aid Corporation is a retail druggist in the United States. The business’s developed results were primarily attributed to the progress made at the pharmacy comps as well as in the segment of the front-end equipment. The company’s total pharmacy sales of $1.898 billion, a rise of 0.9% vis-à-vis $1.881 billion. The rummage sales from treatment drugs of the company were at 67.7% of the total pharmacy sales whereas the third-party sales were reported to contribute to almost 97% of drugstore sales. The business, which is following to Walgreen Co and CVS Caremark Corp for the entire store count, has observed plunging of sales because of higher cost general treatments.

Rite Aid Corporation increased 4.13% to close at $3.71 per share on Monday with intraday activities ranging from low of $3.14 to high of $3.29 per share. The 52 week low value for the stock is at $0.95 per share and 52 week high value is at $3.30 per share. There are 909.62 million shares in the market with institutional ownership of 56%. The transaction volume on Monday was at 17.89 million shares with average level at 19.39 million shares per day