Rite Aid Corporation (NYSE:RAD) down by 2.70%, Oracle Corporation (NASDAQ:ORCL)
Rite Aid Corporation (NYSE:RAD): In Tuesday’s trading session, shares of Rite Aid Corporation (NYSE:RAD) dropped by 2.70%. The opening price of the shares was $2.58 which reached an intraday high of $2.60 before dipping to $2.48 per share. Over 21.02M shares were traded in Tuesday’s trading session which was lower than the average volume of 23.85M that was measured over a period of 30 days.
This year Rite Aid shares rallied as analysts and company investors were thrown off their feet by its unexpected profitability, which has surfaced after several years. Nevertheless, it seems like this was no more than a one-off case which was probably fueled by the Walgreens-Express Scripts dispute. Since these two companies had sorted their differences, Rite Aid’s sales growth has now flat-lined. In comparison to Rite Aid, Walgreens and CVS Caremark operate at a much superior scale and have a steadier growth and will continue to wring Rite Aid in the future and the latter will not really be able to gain in terms of business from the aging American population.
On the other hand, if there is a dramatic change in the market, Rite Aid could be well on its way up since it is so highly leveraged and operates on a very low market cap. If the opposite takes place, it could easily catapult the company into bankruptcy.
Oracle Corporation (NASDAQ:ORCL): In Tuesday’s trading session, shares of Oracle Corporation (NASDAQ:ORCL) dipped by 0.75%. The opening price of the shares was $33.53 which reached an intraday high of $33.78 before dropping to $33.19 per share. Over 17.95M shares were traded in Tuesday’s trading session which was lower than the average volume of 25.64M that was measured over a period of 30 days.
Oracle Corporation (NASDAQ:ORCL) has been moving forth in leaps and bounds over the past several years and has outpaced rivals such as Cisco. Over the past one year, Oracle has ascended by almost 10%. Its shares have been trading for under 12 times of its forward annual earnings. This however, is no more than an average and the company stock has been pretty volatile. Last year, Oracle had annual sales of almost $40 billion and is considered to be force to recon with in the software market. At the start of 2013, the company completed its buyout of the technology developer Acme Packet. The company is seeking to expand its reach into the data transmission domain across the internet.