Wall Street Stock Recommendations: Rite Aid Corporation (RAD), Iconix Brand Group, Inc. (ICON)

Rite Aid Corporation (NYSE:RAD) was less active in the last trading session as around 12.29 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 23.41 million shares. A -3.51% change after the initial price of $1.72, sent the closing price to $1.65.

Rite Aid Corporation (RAD) Analyst Opinion

Rite Aid Corporation has a consensus hold rating from 8 Wall Street analysts, and the number of shares currently sold short amount to at least 15.83% of shares outstanding. The stock spiked 4.43% last month and is down -16.24 this year. Wall Street is only getting neutral on the stock, with 1 of analysts who cover RAD having a buy-equivalent rating. Analysts have placed a $2.04 price target on Rite Aid Corporation, suggesting a 23.64% gain from recent close. It’s currently trading about -63.89% below its 52-week high.

Rite Aid Corporation Earnings Surprise

Rite Aid Corporation (RAD) failed to surprise the stock market in its last reported earnings when it earned -$0.01 a piece versus the consensus-estimated -$0.01. Its revenue totaled $5.57 billion down -28.03% from the previous quarter.

Rite Aid Corporation (NYSE:RAD) Intraday View

This stock (RAD) is ahead of its 52-week low with 19.57%. Its last month’s stock price volatility remained 5.45% which for the week stands at 5.42%. The share price has moved forward from its 20 days moving average, trading at a distance of 2.48% and stays -8.35% away from its 50 days moving average. Over the last five days, shares have managed 0.61% gains and now is down -18.56% since hitting its 200-day moving average of $1.86. Rite Aid Corporation (RAD) has made its way to a 12-month decline of -63.09%.

Turning to Iconix Brand Group, Inc. (NASDAQ:ICON), its shares were trading at $1 a gain of $0.07, on the trading floor. The stock, after opening at $0.92, touched a high of $1 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Iconix Brand Group, Inc. has 0 buy ratings, 3 holds and 0 sells even after the stock tumbled -87.99% from its high of $8.30 to a $63.47 million market value through last close.

Iconix Brand Group, Inc. (ICON) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 3 to 3 during a month. Analysts set a 12-month price target of $1.5 a share. The target implies a 50% spike from where the shares are currently trading. Also, the current price highlights a discount of 50% to analysts’ high consensus price target.

Iconix Brand Group, Inc. (NASDAQ:ICON) Intraday Trading

The counter witnessed a trading volume of 1.39 million shares versus an average volume of 2.26 million shares during last trading session. Its last month’s stock price volatility remained 9.14% which for the week approaches 7.86%. The lowest price the stock reached in the last trading day was $0.9033 and compares with the $0.86 52-week low. The stock recovered 15.93% since its low point and has performed -22.71% year-to-date.

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