Rite Aid Corporation NYSE:RAD yesterday announced an offering that customers of the country’s more 4,700 Rite Aid stores can support their local Children’s Miracle Network Hospital by buying $1 paper Miracle balloons through May 28.
All of the money raised provided directly to Children’s Miracle Network Hospitals®, a non-profit organization that raises funds for more than 170 children’s hospitals throughout North America. Upon the purchase of a paper Miracle balloon customers will receive $8 in coupon offers good for products sold at Rite Aid.
Company raised about $4.9 million, last year, to fund life-saving medical care and research as well as education and outreach programs at 117 Children’s Miracle Network Hospitals in the communities the company serves.
Rite Aid Corporation NYSE:RAD on April 12, 2011 increased 2.91% to the closing price of $1.06. The overall volume in the last trading session was 8.42 million shares. Its fifty two week range was $0.86-$1.49. The total market capitalization remained $943.66 million.
RAD is forward from its 52 week low with 23.26% and going behind from its 52 week high price with 28.86%. RAD last month stock price volatility remained 4.68%. In its share capital RAD has 890.24 million outstanding shares and among them approximately 632.24 million shares have been floated in market exchange. RAD stock institutional ownership included 32.17% while the insider ownership included 32.14%.
The stock price of RAD is moving forward from its 20 days moving average with 1.10% and remote negatively from 50 days moving average with 10.59%. RAD current year earnings per share increased with 83.23% while its current quarter performance remained 9.28%. Company’s beta coefficient included 2.36. Beta factor measures the amount of market risk associated with market trade.
Rite Aid Corporation NYSE:RAD is one of the nation’s leading drugstore chains with more than 4,700 stores in 31 states and the District of Columbia and fiscal 2011 annual revenues of $25.2 billion.
