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3 Trending Stocks: Apple Inc. (AAPL), Rite Aid Corporation (RAD), Fitbit, Inc. (FIT)

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Apple Inc. (AAPL) failed to extend gains with the stock declining -0.43% or $-0.5 to close the day at $116.76 on light trading volume of 20.68M shares, compared to its three month average trading volume of 32.46M. The Cupertino California 95014 based company has been outperforming the electronic equipment group over the past 52 weeks, with the stock gaining 9.76%, compared to the industry which has advanced 10.53% over the same period. With RSI of 62.69, the stock should still continue to rise and get closer to its one year target estimate of $131.96, making it a hold for now.

Rite Aid Corporation (RAD) fell -0.84% during last trading as the stock lost $-0.07 to finish the day at $8.25 with about 18.93M shares changing hands, compared to its three month average trading volume of 17.93M. The $8.73B market cap company, which fluctuated between $8.11 and $8.34 during the day, currently situated 30.33% above its 52 week low of $6.33 and -5.06% away from its one year high of $8.69. The RSI of 57.15 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy Segment sells prescription drugs; and a range of other merchandises, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products. It also operates retail clinics that provide treatment for common conditions; and a range of preventive services, including screenings, medical tests, immunizations, and basic physical exams. In addition, this segment provides health coaching, shared decision making tools, and health care analytics, including health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services. The Pharmacy Services Segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. It also offers integrated mail-order and specialty pharmacy services; and performs prescription adjudication services for other PBMs. Rite Aid Corporation has a strategic alliance with GNC. As of February 27, 2016, the company operated approximately 4,561 stores in 31 states of the United States and in the District of Columbia. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.

Fitbit, Inc. (FIT) saw its value decrease by -5.11% as the stock dropped $-0.4 to finish the day at a closing price of $7.43. The stock was higher in trading and has fluctuated between $7.2-$30.96 per share for the past year. The shares, which traded within a range of $7.35 to $8.08 during the day, are down by -55.51% in the past three months and down by -38.75% over the past six months. It is currently trading -4.52% below its 20 day moving average and -23.07% below its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $10.75 a share over the next twelve months. The current relative strength index (RSI) reading is 29.16. The technical indicator led us to believe the stock will reverse recent losses any time soon.

Fitbit, Inc. provides wearable health and fitness tracking devices. It offers various products, including Fitbit Zip, an entry-level wireless tracker that allows users to track daily activity statistics, such as steps, distance, calories burned, and active minutes; Fitbit One, a clippable wireless tracker, which tracks floors climbed and sleep, as well as daily steps, distance, calories burned, and active minutes; Fitbit Flex, a wristband-style tracker that tracks steps, distance, calories burned, active minutes, and sleep; and Fitbit Charge, an activity and sleep wristband, which tracks steps, distance, calories burned, active minutes, floors climbed, and sleep. The company also provides Fitbit Alta, a customizable wristband that offers call, text, and calendar notifications when paired with the user’s phone and SmartTrack automatic exercise recognition; and Fitbit Charge HR, a wireless heart rate and activity wristband. In addition, it offers Fitbit Blaze, a smart fitness watch that provides multi-sport functionality, tracks outdoor cycling activity, and provides run cues; Fitbit Surge, a fitness watch that features a GPS watch, heart rate tracker, activity tracker, and smartwatch; Aria, a Wi-Fi connected scale that tracks weight, body fat percentage, and body mass index; and Fitbit accessories that include bands and frames for Fitbit Blaze, bands for Fitbit Alta, colored bands for Fitbit Flex, colored clips for Fitbit One and Fitbit Zip, device charging cables, wireless sync dongles, band clasps, sleep bands, and Fitbit apparel. The company offers its products through consumer electronics and specialty retailers, e-Commerce retailers, sporting goods and outdoors retailers, and wireless carriers; and corporate wellness channels, as well as directly worldwide. The company was formerly known as Healthy Metrics Research, Inc. and changed its name to Fitbit, Inc. in October 2007. Fitbit, Inc. was founded in 2007 and is headquartered in San Francisco, California.

 

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