Rite Aid Corporation (RAD): Today's Featured Retail Winner - TheStreet

Rite Aid Corporation

(

RAD

) pushed the Retail industry higher today making it today's featured retail winner. The industry as a whole closed the day down 2.1%. By the end of trading, Rite Aid Corporation rose 8 cents (6.8%) to $1.25 on heavy volume. Throughout the day, 22.3 million shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 11.2 million shares. The stock ranged in a price between $1.23-$1.30 after having opened the day at $1.23 as compared to the previous trading day's close of $1.17. Other companies within the Retail industry that increased today were:

Cache

(

CACH

), up 6%,

Orchard Supply Hardware

(

OSH

), up 3.2%,

China Jo-Jo Drugstores

(

CJJD

), up 3.1%, and

Delhaize Group

(

DEG

), up 2%.

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Rite Aid Corporation, through its subsidiaries, operates retail drugstores in the United States. The company's drugstores primarily offer pharmacy services. Rite Aid Corporation has a market cap of $1.08 billion and is part of the

services

sector. Shares are down 4.8% year to date as of the close of trading on Wednesday. Currently there are no analysts that rate Rite Aid Corporation a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a

sell

. Among the areas we feel are negative, one of the most important has been poor profit margins.

On the negative front,

Bed Bath & Beyond

(

BBBY

), down 17%,

QKL Stores

(

QKLS

), down 12.3%,

Builders FirstSource

(

BLDR

), down 9.3%, and

Liquidity Service

(

LQDT

), down 7.2%, were all losers within the retail industry with

Amazon.com

(

AMZN

) being today's retail industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the retail industry could consider

SPDR S&P Retail ETF

(

XRT

) while those bearish on the retail industry could consider

ProShares Ultra Sht Consumer Goods

(

SZK

).

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