Rite Aid Corporation (NYSE:RAD) announced that Matt Lynch, an information-technology executive with almost 30-years’ experience, is now joining the company as the Sr vice president & chief information officer. In this particular position, Lynch will now be responsible for all the aspects of RAD’s technology and its information operations, including the computer systems, the network infrastructure, and telecommunications & data security and the continued development as well as the execution of the company’s immediate & long-term IT strategy. He will report to Frank Vitrano, the company’s Sr executive vice president, the chief financial officer & chief administrative officer. He succeeds Don Davis, who is now retiring from RAD after 14-years of service. Rite Aid Corporation (NYSE:RAD) net profit margin is 0.80% and weekly performance is -1.69%. On last trading day company shares ended up $7.57 Analysts mean target price for the company is $7.95. Rite Aid Corporation (NYSE:RAD) distance from 50-day simple moving average (SMA50) is10.78%.
eBay (NASDAQ:EBAY) Director Thomas Tierney unloaded 7,500 shares of eBay stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $52.19, for a total value of $391,425.00. Following the completion of the sale, the director now directly owns 4,000 shares in the company, valued at approximately $208,760. eBay Inc (NASDAQ:EBAY) shares fell -0.61% in last trading session and ended the day on $50.26.EBAY Gross Margin is 68.40% and its return on assets is -0.40%. eBay Inc (NASDAQ:EBAY) quarterly performance is -7.56%.
Equities research analysts at Stifel Nicolaus initiated coverage on shares of American Airlines Group (NASDAQ:AAL) in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm set a “buy” rating and a $45.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 22.72% from the company’s current price. American Airlines Group Inc (NASDAQ:AAL) shares moved up 2.77% in last trading session and was closed at $38.25, while trading in range of $37.05 – 38.25. American Airlines Group Inc (NASDAQ:AAL) year to date (YTD) performance is 51.49%.
Credit Suisse upgraded shares of Office Depot (NYSE:ODP) from a neutral rating to an outperform rating in a research report sent to investors on Wednesday morning, TheFlyOnTheWall.com reports. The firm currently has $7.00 price target on the stock, up from their previous price target of $6.13. Office Depot Inc (NYSE:ODP) ended the last trading day at $5.05. Company weekly volatility is calculated as 4.89% and price to cash ratio as 2.83. Office Depot Inc (NYSE:ODP) showed a positive weekly performance of 19.10%.