Rite Aid (RAD) Could 'Sling-Shot' 22% Higher on Debt Refi - Analyst

Article Related Press Releases (1) Related Articles (1) Related SEC Filings (1) Stock Quotes (1) Comments (0)

Rite Aid (NYSE: RAD) is moving higher in early trading following an earlier announcement that it would be refinancing certain debt.

Susquehanna notes that Rite Aid may save up to $60 million per year on the move and shares might "sling-shot" up 22 percent.

From the start of 2012 through yesterday, Rite Aid has gained 18 percent, versus 5.9 percent for the Russell 2000 Consumer Staples. Shares are up 10 percent Friday morning.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Fannie Mae, Freddie Mac Surge as Seriously Delinquent Rate Falls Below 3%
• Tesla Motors (TSLA) Taps New 52-Week High
• Cleantech Solutions (CLNT) Goes Red to Green After Yesterday's 159% Rise

Create E-mail Alert Related Categories

Analyst Comments, Momentum Movers, Trader Talk

Related Entities

Susquehanna International Group of Companies

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?