Rite Aid Stock Falls On Unusually High Volume (RAD)
Rite Aid Corporation (NYSE:RAD) is trading at unusually high volume Thursday with 47 million shares changing hands. It is currently at two times its average daily volume and trading down 26 cents (-8.2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Rite Aid Corporation (NYSE: RAD) is trading at unusually high volume Thursday with 47 million shares changing hands. It is currently at two times its average daily volume and trading down 26 cents (-8.2%) at $2.86 as of 3:51 p.m. ET.
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Rite Aid has a market cap of $2.84 billion and is part of the services sector and retail industry. Shares are up 128.7% year to date as of the close of trading on Wednesday. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has a P/E ratio of 26.1, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Rite Aid as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Rite Aid Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..