Why I Just Bought Rite Aid Stock
Shares of Rite Aid Corp. (NYSE: RAD) have been hammered since its merger with Walgreen Boots Alliance (NASDAQ: WBA) fell apart. The stock plummeted 26% on June 29 when the news broke, and has continued slide since, giving up as much as another 24%. All told, the stock is down 44% in just two weeks.
I've taken advantage of the sell-off to add some Rite Aid shares to my personal account. While it remains a risky play, there's several reasons why I believe the pharmacy chain has significant upside potential that makes it worth the risk.
Source: Fool.com
Amazon.com Inc. Stock
The stock is an absolute favorite of our community with 155 Buy predictions and no Sell predictions.
As a result the target price of 192 € shows a slightly positive potential of 14.41% compared to the current price of 167.82 € for Amazon.com Inc..