Retail drugstore chain operator Rite Aid Corp. (RAD) declared Thursday a 3.5 percent soar in May same store sales, reflecting an improvement in pharmacy same store sales and front-end same store sales. The company’s shares are plunging nearly 13 percent immediately it decreased earnings guidance for the full-year 2015, citing the potential generic bring in price reductions for the remainder of the year. Rite Aid Corp. (RAD), Drug Stores company, fell -1.77% in last regular trading to $7.21. The stock is priced with the difference of 21.60% 200-day simple moving average and -3.22% 50-day moving average. With 17987644 of its shares exchanged hands during the day and 0.66 relative volume ratio, market capitalization of Rite Aid Corp. moved to $7006.68 million. The float was recorded 962.07 million compared to 971.80 million outstanding shares. RAD’s monthly performance is -7.21%. We recommend to ‘Hold’ the stock.
Chipmaker Advanced Micro Devices, Inc. (AMD) commented Thursday that it has appointed Dr. Lisa Su as Senior Vice President and Chief Operating Officer, effective July 1. Dr. Su joined the company in 2012 and currently serves as Senior Vice President and General Manager, Global Business Units. Te company also added it will combine its earlier separate business units, global operations and sales organizations to create a singular, market-focused organization responsible for all aspects of product strategy, product execution, sales and operations. The price of Advanced Micro Devices, Inc. (AMD), Semiconductor – Broad Line company, stock fell -0.23% to $4.28. The stock is dealing at -7.96% below its 52-week high and 40.79% above its 52-week low. Company has 762.04 million shares outstanding with $3261.53 million market capitalization. Advanced Micro Devices, Inc. has $0.06 EPS currently and sees 93.10% growth this year and 21.62% next year. AMD’s yearly performance is 8.35%. Experts rate it a ‘Hold’ stock.
Regions Financial Corp. (RF) Tuesday announced a plummet in first-quarter profit, reflecting lower revenues, despite plummet in expenses and growth in loans. Earnings per share, however, clobbered analysts’ estimates, by cause of revenues came short of view. For the first quarter, the Birmingham, Alabama-based parent of Regions Bank posted net income available to shareholders of $311 million, lower than $327 million in the previous year. On a per share basis, earnings were $0.22, down from $0.23 per share a year ago. Regions Financial Corp. (RF), Regional – Southeast Banks, is currently trading at $10.71, which escalated 0.94%. The stock is trading -6.77% below its 52-week high and 22.49% above its 52-week low. RF has $14769.20 million market capitalization. The stock recorded a trading volume of 17700908 shares as compared to its average volume of 14297.69 million shares. RF’s year to date performance is 9.06%. Trade experts think of it as ‘Hold’ stock.
Deutsche Bank downgraded its rating on shares of SouFun Holdings Ltd. (SFUN) Thursday morning to “Hold” from “Buy.” SouFun Holdings gapped open lower Thursday and slashed until around 1:00PM. The stock finished with a loss of 1.81 at $8.83 on the highest volume in over 3 months. Shares sank to over an 8-month low. SouFun Holdings Ltd. (SFUN), Internet Information Providers company, boosted 0.57% in last trading session and ended the day on $8.88. The stock is trading -55.48% below its 52-week high and 99.46% above its 52-week low. The RSI of stock currently approaches at the level of 29.67 with 8.69% weekly volatility. The firm maintained its $0.71 EPS for the stock. SFUN showed -35.65% half yearly performance. We recommend to ‘Buy’ the stock.