Fred's, Inc. (NASDAQ:FRED) Plunges -22.48% Pre-market

Rite Aid Corporation (NYSE:RAD) was the target of unusually large options trading on Friday. The debt is now trading at $99.25 and was trading at $98.88 one week ago. By watching how many shares are trading hands and looking for any changes in that activity, trading opportunities can be spotted along with a deeper understanding of the reliability of other indicators on the stock.

J C Penney Company Inc (NYSE:JCP) was upgraded to hold from reduce at Gordon Haskett Research Advisors on Tuesday on expectations that the retailer's same-store sales are bottoming out.

Walgreens had been waiting for months to see whether the FTC would try to block the planned acquisition of Rite Aid, which would have vaulted the combined company past CVS Health become the leading drugstore chain by number of stores.

Following the earnings release, the company's share price rose 4.03% during pre-market trading session.

Some buy side analysts are also providing their Analysis on Rite Aid Corporation, where 0 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 3 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. Deutsche Bank AG restated a "hold" rating and set a $6.50 price target (down previously from $9.00) on shares of Rite Aid Corporation in a research note on Monday, March 6th. The corporation has a consensus rating of "Buy" and an average price objective of $6.21. Geode Capital Management LLC increased its stake in shares of Rite Aid Corporation by 8.2% in the first quarter.

Current levels places Rite Aid Corporation (NYSE:RAD)'s stock about -10.07% from the 50-day high and 41.72% away from the 50-day low.

Meanwhile, Walgreens reported a 5.3 percent boost in fiscal third-quarter profit to$1.16 billion, or $1.07 per share.

RAD has been the topic of Quite a few brokerage firm research. The bigger the return, the more efficient management is in utilizing its asset base. The company had revenue of $7.78 billion during the quarter, compared to analyst estimates of $8.29 billion. BlackRock Inc. now owns 50,473,198 shares of the company's stock valued at $214,510,000 after buying an additional 49,482,563 shares in the last quarter. Rite Aid will have 2,350 stores after the deal's conclusion.

This stock is ahead of its 52-week low with +35.52%. Lastly, OLD Mutual Customised Solutions Proprietary increased its position in Rite Aid Corporation by 102.1% in the Q1.

EPS is the portion of a company's profit allocated to each exceptional share of common accretion. Over the past month the firm's stock is 1.91%, -17.44% for the last quarter, -55.42% for the past six-months and -50.46% for the previous year.

Walgreens and Rite Aid have terminated their merger agreement.

11/13/2015 - Rite Aid Corporation was downgraded to "neutral" by analysts at JP Morgan. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission's clearance to complete the merger. The Company's segments include Retail Pharmacy and Pharmacy Services. Rite Aid had 14 analyst reports since August 6, 2015 according to SRatingsIntel. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia.

  • Wendy Palmer