The Top 5 Trading Ideas Of The Week By Traffic

Among the trading ideas this week that were most popular among readers, there were five that stood out: 1. Shares of Rite Aid Corp RAD climbed $0.40 (5 percent) to $8.28 in Wednesday's session. The previous couple of days had witnessed a large amount of call buying in the issue. A possible reason for the spike could be that market-makers were "hedging their bets by purchasing the shares in the open market to offset their negative position in the issue," said Joel Elconin, the co-host of Benzinga's #PreMarket Prep. 2. Facebook Inc FB shares spiked $1.67 (92 percent) to $82.58 in Thursday's session. This new all-time high may have been driven by the positive comments from JP Morgan and Nomura about the company's new Payment feature. 3. Shares of Gilead Sciences, Inc GILD slipped $0.60 to $99.84 in Wednesday's session. The pressure was not driven by any relevant news related to the company. 4. The day it was announced that Kinder Morgan Inc KMI would join the S&P 100 by late March, Chairman Richard Kinder bought $3.95 million worth of shares - 100,000 shares at $39.50 per share. This took Kinder's stake to more than 233.8 million shares. 5. GW Pharmaceuticals Plc GWPH shares jumped $2.20 (2.5 percent) to $97.86 in Monday's session. This followed an impressive rally last Friday, with the share price climbing from $84.58 to $95.66.