One of the rare penny stocks on the New York Stock Exchange Rite Aid Corp. (NYSE: RAD ) traded nearly 3x its Average Volume (3m) yesterday on the heels of the Company’s Sales Results.
RAD closing price yesterday was the high for the day,$1.50, up +7.14% (+0.10).
RAD traded volume of 21,159,194.
RAD is trading:
- $ 0.13 above its 20 day moving average,
- $ 0.10 above its 10 day moving average and
- $ 0.08 above its 5 day moving average.
RAD has a Market Cap of $1.35B with a 652.53M Share Float.
30.93% of RAD shares are held by Insiders according to Data provided by Thomson Reuters
For the four weeks ended January 28, 2012, same store salesincreased 2.2 percent over the prior-year period. January front-end same store sales increased 2.7 percent. Pharmacy same store sales, which included an approximate 230 basis points negative impact from new generic introductions, increased 2.1 percent. Prescription count at comparable stores increased 1.6 percent over the prior-year period.
Total drugstore sales for the four-week period increased 1.6 percent to $1.923 billion compared to $1.891 billion for the same period last year. Prescription sales accounted for 70.0 percent of drugstore sales, and third party prescription sales represented 96.4 percent of pharmacy sales.
Same store sales for the 9-week period ended January 28, 2012 increased 3.0 percent over the prior-year period. Front-end same store sales increased 1.4 percent while pharmacy same store sales increased 3.8 percent. Prescription count at comparable stores increased 2.5 percent over the prior-year period.
Total drugstore sales for the 9-week period increased 2.6 percent with sales of $4.567 billion compared to $4.452 billion for the same period last year. Prescription sales represented 66.9 percent of total drugstore sales, and third party prescription sales was 96.5 percent of pharmacy sales.
Same store sales for the 48-week period ended January 28, 2012 increased 1.9 percent, consisting of a 1.0 percent front-end same store sales increase and a 2.3 percent increase in pharmacy same store sales. Prescriptions filled at comparable stores increased 0.8 percent over the prior-year period.
Total drugstore sales for the 48 weeks ended January 28, 2012 increased 1.4 percent to $23.468 billion from $23.138 billion in last year’s like period. Prescription sales accounted for 68.1 percent of total drugstore sales, and third-party prescription sales was 96.5 percent of pharmacy sales.
Rite Aid is one of the nation’s largest drugstore chains.
On January 28, 2012, the company operated 4,672 stores compared to 4,718 stores in the like period a year ago.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
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- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
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- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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