Today’s Research Reports on Trending Tickers: Rite Aid and GNC
The Dow Jones Industrial Average and the S&P 500 Index edged higher Thursday as investors continued to digest details of the GOP’s tax reform plan and data showed the U.S. economy accelerated in the second quarter. The Dow Jones gained 0.16 percent to close at 22,376.60, while the S&P 500 Index increased 0.12 percent to close at 2,509.96. The Nasdaq Composite Index rallied late to close flat for the day at 6,453.45. On Thursday, the Commerce Department reported gross domestic product grew at an annual rate of 3.1 percent in the April-June quarter, up from its previous estimate of 3.0 percent last month.
“The destruction caused by Hurricanes Harvey and Irma and the resulting disruption … are expected to be a drag on third-quarter growth,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan, according to Reuters. “Nonetheless, the economy remains on track.”
RDI Initiates Coverage on:
Rite Aid Corporation
GNC Holdings Inc.
Rite Aid Corporation’s stock fell 10.96% Thursday, to close the day at $2.03. The stock recorded a trading volume of 66,598,097 shares, which was above its three months average volume of 35,382,900 shares. In the last year Rite Aid Corporation’s shares have traded in a range of 2.01 – 8.77. The stock is currently trading 76.85% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $2.38 is below its 200-day moving average of $3.36. Shares of Rite Aid have fallen approximately 75.36 percent year-to-date.
Access RDI’s Rite Aid Corporation Research Report at:
On Thursday, shares in GNC Holdings Inc. recorded a trading volume of 1,393,583 shares, which was below the three months average volume of 2,365,490 shares. The stock ended the day 0.57% lower at 8.66. The share price has gained 33.03% from its 52 week low with a 52 week trading range of 6.51 – 22.32.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $9.08 is greater than its 200-day moving average of $8.07. Shares of GNC Holdings have fallen approximately 21.56 percent year-to-date.
Access RDI’s GNC Holdings Inc. Research Report at:
Our Actionable Research on Rite Aid Corporation (NYSE:RAD) and GNC Holdings Inc. (NYSE:GNC) can be downloaded free of charge at Research Driven Investing.
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