Rite Aid Corporation is a retail drugstore chain in the United States. It sells prescription drugs and a range of other merchandise, which it calls front end products.It offers a variety of products under its private brands.
The stock is a market-performer with an average yearly return of 75%. Although the estimated value of the share lies around 7.3$, we consider it actually as fairly priced.
We consider the stock as a ‘HOLD’ and won’t buy it until after a possible dip to 5.8$
And now it is: