Rite Aid Corporation (RAD): Today's Featured Services Laggard

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Rite Aid Corporation ( RAD) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day down 0.1%. By the end of trading, Rite Aid Corporation fell $0.59 (-10.2%) to $5.17 on heavy volume. Throughout the day, 68,786,315 shares of Rite Aid Corporation exchanged hands as compared to its average daily volume of 29,230,200 shares. The stock ranged in price between $5.14-$5.44 after having opened the day at $5.43 as compared to the previous trading day's close of $5.76. Other companies within the Services sector that declined today were: China HGS Real Estate ( HGSH), down 13.2%, Rada Electronics Industries ( RADA), down 10.1%, Global Ship Lease ( GSL), down 9.8% and Container Store Group ( TCS), down 8.1%.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation has a market cap of $5.2 billion and is part of the retail industry. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. Shares are up 323.5% year to date as of the close of trading on Wednesday. Currently there are 2 analysts that rate Rite Aid Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Rite Aid Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.

On the positive front, InfoSonics Corporation ( IFON), up 52.0%, Rocket Fuel ( FUEL), up 13.6%, VisionChina Media ( VISN), up 12.8% and Corporate Resource Services ( CRRS), up 11.7% , were all gainers within the services sector with Twenty-First Century Fox ( FOXA) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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