Rite Aid (RAD) Volatility Up as Shares Outpace Retail Pharmacy Sector
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Rite Aid Corp. (NYSE: RAD) is showing some movement in early trading Tuesday, as shares lead the retail pharmacy sector in gains.
According to market data, option implied volatility is up 43 percent from Monday's close and up 133 percent over its historical average. Implied volatility has actually been comfortably above the annual average for about a year now.
Shares are up about 1.7 percent on the session, hovering around the $1.20 support level. Rite Aid recently bumped up against its 200-day DMA in May, but wasn't able to break through the barrier.
Volume is also a little light on the session.
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According to market data, option implied volatility is up 43 percent from Monday's close and up 133 percent over its historical average. Implied volatility has actually been comfortably above the annual average for about a year now.
Shares are up about 1.7 percent on the session, hovering around the $1.20 support level. Rite Aid recently bumped up against its 200-day DMA in May, but wasn't able to break through the barrier.
Volume is also a little light on the session.
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