Release

Today’s Research Reports on Trending Tickers: Celgene and Rite Aid

U.S. markets rebounded Thursday on the strength of the financial and technology sectors. The Dow Jones Industrial Average jumped 0.41 percent to close at 24,216.05, while the S&P 500 Index spiked 0.62 percent to close at 2,716.31. The Nasdaq Composite Index jumped 0.79 percent to close at 7,503.68. Shares of Bank of America, Citigroup, Goldman Sachs, J.P. Morgan and Morgan Stanley all posted gains of over 1 percent to lift the financial sector higher on Thursday.

“After 13 straight days of declines, financials finally bounced back. It’s good to see the leadership from this sector,” said Lindsey Bell, investment strategist at CFRA, according to MarketWatch. “Given the current environment when there lots of uncertainty surrounding global trade, investors continue to go to growth, such as technology shares and domestic stocks such as small-caps. Despite recent rotation, there has not been a real change in this sentiment,” Bell said.

RDI Initiates Coverage on:

Celgene Corporation
https://rdinvesting.com/news/?ticker=CELG

Rite Aid Corporation
https://rdinvesting.com/news/?ticker=RAD

Celgene’s stock moved 0.76% lower Thursday, to close the day at $76.66. The stock recorded a trading volume of 5,813,223 shares, which was below its three months average volume of 6,771,126 shares. In the last year, Celgene’s shares have traded in a range of 74.13 – 147.17. The share price has gained 3.41% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $79.12 is below its 200-day moving average of $91.35. Shares of the company are trading at a Price to Earnings ratio of 21.42. Shares of Celgene have fallen roughly 2.51 percent in the past month and are down 26.54 percent year-to-date.

Access RDI’s Celgene Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CELG

On Thursday, shares of Rite Aid recorded a trading volume of 31,458,416 shares, which was above the three months average volume of 13,176,148 shares. The stock ended the day 11.11% lower at $1.76. The share price has fallen 43.59% from its 52 week high with a 52 week trading range of 1.38 – 3.12. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $1.74 is below its 200-day moving average of $1.84. Shares of the company are trading at a Price to Earnings ratio of 1.96. Shares of Rite Aid have gained roughly 6.02 percent in the past month and are down 10.66 percent year-to-date.

Access RDI’s Rite Aid Corporation Research Report at:
https://rdinvesting.com/news/?ticker=RAD

Our Actionable Research on Celgene Corporation (NASDAQ:CELG) and Rite Aid Corporation (NYSE:RAD) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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