Rite Aid Corporation (NYSE:RAD) announced sales results for January. For the four weeks ended Jan. 25, 2014, same store sales increased 1.8 percent over the prior-year period. January front-end same store sales decreased 1.3 percent, of which 1.4 percent was attributable to a decrease in sales of flu-related over-the-counter products. Pharmacy same store sales, which included an approximate 124 basis points negative impact from new generic introductions, increased 3.2 percent. Prescription count at comparable stores decreased 2.2 percent over the prior-year period, of which 2.4 percent is attributable to a decrease in flu-related prescriptions and flu shots. Rite Aid Corporation (NYSE:RAD) stock opened at $5.44 in last trading session, and closed at $5.67, trading in the range of $5.44 – $5.67. The stock showed a negative weekly performance of -0.87%.
Craig-Hallum upgraded Flextronics International Ltd.(NASDAQ:FLEX) following the better than expected Q3 and guidance citing strong business conditions, a strong partnership with Lenovo, cost structure optimization, and shareholder friendly actions. Price target raised to $11 from $10. Flextronics International Ltd. (NASDAQ:FLEX) shares closed at $8.27 on last trade day, by gaining 7.47%. Stock 52 week range is $6.15 – $9.70. Company’s market capitalization is $5.11 billion.
Pandora Media Inc (NYSE:P), the online radio service, rose to a record high after Goldman Sachs Group Inc. projected the stock has the potential to more than double in the next year. Pandora climbed 11 percent to $36.53 at the close in New York, its highest price since it sold shares in June 2011. The stock almost tripled in 2013. Pandora Media Inc (NYSE:P) stock decreased 10.97% and finished the last session at $36.53. The EPS of the stock remained -0.30. Company’s market capitalization is $7.10 billion.
Pitney Bowes Inc. (NYSE:PBI) shares jumped Thursday after the mail and document service company posted earnings above expectations. The stock rose 16% at $25.12 in late-morning trading. Looking ahead, Pitney Bowes, whose share price has more than doubled over the past year. Pitney Bowes Inc. (NYSE:PBI) stock opened at $23.00 in last trading session and closed at $25.85. The 52 week range of the stock is $11.89 – $25.89 and the day range was $22.78 – $25.89.