A year later: Rite Aid stock has surged 246 percent
Shareholders of Rite Aid Corp. stock have seen share prices return nearly 250 percent over the last year, according to Yahoo Finance.
The adjusted stock price at the closing bell Friday was $6.64. The closing price has hovered above $6 per share since mid-February. On the same day a year ago, it was at $1.92.
The estimated return on investment is 246 percent.
For the week that ended March 1, Rite Aid posted total drugstore sales of $25.4 billion compared to about $25.3 billion for the same period last year.
The Cumberland County-based drugstore chain's stock has been among the highest performers in the midstate, according to recent stock analysis by the Business Journal.
Its fiscal year 2014 earnings report is slated for April 10. Net income through Nov. 30 — the end of its fiscal third quarter — was $194 million compared to a loss of $5 million through three quarters in the last fiscal year.
Midstate stock update
Look for our latest midstate stock report — where we add 16 companies to our ranks — in this week's print edition. One of the additions is Milwaukee-based Harley-Davidson Inc., which has operations in York County.
Harley stock closed the day Friday with a price of $67.66 per share, according to Yahoo Finance. It has produced a return of 30 percent over the last year.