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Midstate stocks: Rite Aid, Hersha, Select Medical, Metro officials make trades to end 2014

Shares of Rite Aid Corp. stock continue to soar above $7.50, and executives are cashing in.

Tony Montini, an executive vice president, sold 49,525 shares at an average price of $7.47 per share on Dec. 29, according to trader filings with the U.S. Securities and Exchange Commission.

Those shares, which he exercised at $2.16 per share and a cost of $106,821, were valued at $370,036.

Montini retains 537,476 direct shares.

Rite Aid stock closed at $7.63 Friday.

Other trades

• Thomas Hutchison III, a board director at Hersha Hospitality Trust, sold 18,700 shares for $134,640 on Dec. 30, according to an SEC filing. He retains 250,664 direct shares, with the stock trading just above $7.

• James Talalai, executive vice president and COO at Select Medical Holdings Corp., sold 2,800 shares for $42,000 on Dec. 29. He retains 443,098 shares, with the stock trading above $13.

• Four Metro Bancorp Inc. executives acquired additional shares Dec. 31. President and CEO Gary Nalbandian added 62 shares for $1,604; COO Percival Moser added 77 shares for $1,992; Chief Risk Officer Steven Cribbs added 19 shares for $491; and Chief Credit Officer James Ridd added six shares for $155. The stock has been trading above $25. Nalbandian owns 302,853 direct shares.

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