Noticed some SEC filings today, that showed execs selling some shares right before earnings tomorrow. Stock actually did well today, up over 8%, but to have a nice rise ahead of earnings and then have execs sell? Something is up. Either short sellers are manipulating the stock and execs are benefitting, or I don't know what? But clearly this isn't a good sign. Analysts are expecting 2 cents per share, my guess we come in at 1 cent per share. Thoughts?
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looks like stocks went up a bit with the Amazon deal. Some articles are reporting a "surge" or just the percent. It is a high percent to go up with...but when its a low number 100 percent isn't really that great. FRISK papers list RA a 1 rating and on the top 10 businesses to go bankrupt before 2020.
Today,the pre-market drop was more than neutralized by news of the Amazon package partnership sending the stock up by as much as 35% during normal trading.Hopefully,my not yet Wellness-remodeled home store is among the lucky 1500 locations getting a counter.
Only problem I see, is that with this big loss, investors are going to run for the hills. Expect a bloodbath tomorrow with the stock price. It might close under 5 tomorrow, which is a really bad sign.
They did report a wider quarterly loss(due to RX reimbursement margins),but the guidance is still the same on top of a modest FE SSS increase.Store count change(only among continuing operations and not the roughly 1800 sold off to WBA)was minimal(just 4 closures,partly offset by 1 new store opening);and let's just hope it stays that way this fiscal quarter,as it appears that the EBITDA-draining albatross stores(including ex-6046 where I worked at for nearly 2 decades before being reassigned to my current home store down the street in the same town)are largely gone now.