Yahoo Finance Today's Research Reports on Trending Tickers: Aphria and Rite Aid
NEW YORK, NY / ACCESSWIRE / September 7, 2018 / U.S. benchmarks closed mostly lower on Thursday, with the Dow Jones remaining in the green, as internet and tech shares slumped. The Dow Jones Industrial Average was up 0.08 percent to close at 25,995.87, while the S&P 500 Index decreased 0.37 percent to close at 2,878.05. The Nasdaq Composite Index dropped 0.91 percent to close at 7,922.73.
According to Peter Kenny, market strategist at Kenny & Co, “This is very much a tech-centric reversion. It is long overdue, given how much the Nasdaq has been outperforming the rest of the market.” “This is bigger than FAANG, but the scale of that move is the primary driver of what we’re seeing today and what we saw yesterday. I think there’s still some downside ahead, and that this won’t be a short-term correction, but something that will take a long time to work through,” said Kenny.
RDI Initiates Coverage on:
Aphria Inc.
https://rdinvesting.com/news/?ticker=APHQF
Rite Aid Corporation
https://rdinvesting.com/news/?ticker=RAD
Aphria's stock jumped 15.87% Thursday, to close the day at $16.26. The stock recorded a trading volume of 4,765,300 shares, which was above its three months average volume of 1,301,317 shares. In the last year, Aphria's shares have traded in a range of 4.88 - 19.87. The share price has gained 233.13% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $9.32 is above its 200-day moving average of $9.31. Shares of the company are trading at a Price to Earnings ratio of 120.42. Shares of Aphria have gained roughly 103.47 percent in the past month and are up 10.22 percent year-to-date.
Access RDI's Aphria Inc. Research Report at:
https://rdinvesting.com/news/?ticker=APHQF
On Thursday, shares of Rite Aid recorded a trading volume of 40,053,591 shares, which was above the three months average volume of 15,547,635 shares. The stock ended the day 8.15% lower at $1.24. The share price has fallen 55.71% from its 52 week high with a 52 week trading range of 1.24 - 2.80. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $1.62 is below its 200-day moving average of $1.69. Shares of the company are trading at a Price to Earnings ratio of 1.06. Shares of Rite Aid have fallen roughly 25.3 percent in the past month and are down 37.06 percent year-to-date.
Access RDI's Rite Aid Corporation Research Report at:
https://rdinvesting.com/news/?ticker=RAD
Our Actionable Research on Aphria Inc. (OTCMKTS:APHQF) and Rite Aid Corporation (NYSE:RAD) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
https://www.accesswire.com/511527/Todays-Research-Reports-on-Trending-Tickers-Aphria-and-Rite-Aid
