Vetr Holds On Rite Aid After Store Sale

On Wednesday, the Vetr crowd downgraded their rating for Rite Aid Corporation RAD, from 4 stars (Buy), issued 13 days ago, to 3 stars (Hold). Crowd sentiment for Rite Aid is largely positive, with 80 percent of Vetr user ratings bullish.

Share price in Rite Aid jumped $0.50 on December 20's open, following the company's $950 forced divestiture of 865 stores in order to comply with FTC regulations in the drug store chain's proposed acquisition by Walgreens Boots Alliance Inc WBA. The price has dipped slightly since then and was recently hovering around $8.50.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is up at $8.86, which is below the average analyst target price of $9. Less than 2 percent of Vetr users are holding RAD in their watch lists.