Rite Aid Corporation (NYSE:RAD) produced a 15.8% rally since recording the worst price of $6.14. Thanks to the latest 3.8% increase, it now trades at $7.11. Throughout the trading on 6/26/2019, the share price floated between $6.14 and $6.96. This company shares are 26.58% off its target price of $9 and the current market capitalization stands at $384.51M. The recent change has given its price a -12.92% deficit over SMA 50 and -83.23% deficit over its 52-week high. The stock witnessed -6.32% declines, -44.7% declines and -47.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RAD’s volatility during a week at 7.9% and during a month it has been found around 6.95%.

Rite Aid Corporation (RAD) Top Holders

Institutional investors currently hold around $217 million or 54.9% in RAD stock. Look at its top three institutional owners: Vanguard Group Inc owns $34.19 million in Rite Aid Corporation, which represents roughly 8.89% of the company’s market cap and approximately 15.76% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 3,726,328 shares of the stock are valued at $25.53 million. The third largest holder is Parametric Portfolio Associates Llc, which currently holds $24.71 million worth of this stock and that ownership represents nearly 6.43% of its market capitalization.

Rite Aid Corporation 13F Filings

At the end of March reporting period, 98 institutional holders increased their position in Rite Aid Corporation (NYSE:RAD) by some 9,173,897 shares, 122 decreased positions by 1,815,902 and 93 held positions by 20,694,890. That puts total institutional holdings at 31,684,689 shares, according to SEC filings. The stock grabbed 25 new institutional investments totaling 179,263 shares while 52 institutional investors sold out their entire positions totaling 513,268 shares.

Rite Aid Corporation (NYSE:RAD) Insider Trades

Multiple company employees have indulged in significant insider trading. Rite Aid Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director POTTER MYRTLE S has sold 1,409 shares of Rite Aid Corporation (RAD) in the trading session dated Oct. 03, 2017. These shares are worth $58,915 and were traded at $41.8 each. The SEC filing shows that Donley Douglas E performed a sale of 1,705 shares. The SVP disposed these shares by way of transaction on Jun. 15, 2016. The company’s shares were given away at $155.4 per share worth to an income of some $265,004 to the account of Donley Douglas E.

EVP, Montini Tony, sold 17,660 common shares of Rite Aid Corporation (RAD) in the open market. In a transaction dated Jul. 09, 2015, the shares were put up for sale at an average price of $167.6, raking in a sum of $2,959,766. After this sale, 13,330 common shares of RAD are directly owned by the insider, with total stake valued at $94,777.

In the transaction dated Apr. 15, 2015, a great number of shares sold came courtesy the Director; ANDERSON JOSEPH B JR disposed a total of 7,500 shares at an average price of $165, amounting to approximately $1,237,500. The insider now directly owns 14,963 shares worth $106,385.

Rite Aid Corporation (RAD) Analyst Guide

Several analysts have released their opinion on Rite Aid Corporation (NYSE:RAD), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 2 sell and 1 strong sell ratings, collectively assigning a 4 average brokerage recommendation [T1].