The RAD Stock Has Right Moves In The Pandemic
While most of the people proclaim the importance of the vaccine developers, let’s not just discount the drugstore chain importance like the company Rite Aid (NYSE: RAD). And you should not ignore the stocks of the RAD as a big winner because the world tries to manage the coronavirus pandemic. To be very frank, the stock of the RAD has not reflected the true value of the company throughout the crisis. It is possible to be a blockbuster in their earnings report, and it will put the price of the share where it deserves to be. There is plenty of chance that the true value will reflect soon.
The stock of the RAD at a glance
While the new virus was spreading, the stock price of the company NYSE: RAD made many interesting moves. There is a quick fall from over 16 dollars in the month of March to less than 10 dollars. And then the share price of the company will be bounced back. It is a buying frenzy because the stock of the RAD is rocketed over 18 dollars. The stock market has been recognized that the role of the Rite Aid in helping people all over the world to stay healthy and well-stocked using some essential supplies. The investors should recognize the shares of the RAD will likely go higher regardless of the immediate reaction of the market.
Playing their great part in the pandemic
Contributing to the pandemic over the spread of the virus definitely be profitable to the company. The company has added about 21 new testing locations of the virus in the US. It has been having a partnership with the HHS, which is the US branch of Health and Human Services, for making initiatives. Currently, there are 92 testing facilities of the Rite Aid present. These facilities are capable of taking around more than 47000 tests weekly. In addition to that, the company is partnered with Instacart for delivering the grocery and health items directly to the homes of the people. This collaboration is considered to be another example of the company is on the limelight.
You require patience to fully capitalize on the responsive endeavors of the company (NYSE: RAD) in this pandemic. The stock of the RAD will be reflecting the true worth time of the company. The earnings release makes it happen soon instead of later. So, without hesitation, you can buy or invest in the stock like NYSE: NOW of the RAD.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.