Market Watch: Rite Aid Corporation (NYSE:RAD), Hewlett-Packard Company (NYSE:HPQ), Bank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C), The Spectranetics Corporation (NASDAQ:SPNC)


The recent announcement that Rite Aid Corporation (NYSE:RAD) will consolidate three of its distribution centers into a single, new $90 million facility in Spartanburg opens the door for more development along the Highway 221 corridor and gives a modern polish to this area’s long-established reputation as a Hub City. On Friday shares of Rite Aid Corporation (NYSE:RAD) closed at $6.98. Company’s sales growth for last 5 years was -0.60% and EPS growth for next 5 years is recorded as 39.71%.

Hewlett-Packard Co. (NYSE:HPQ), which has a significant presence in Houston, revealed its plan this week for placing its senior executives once the company splits in two later this year. Hewlett-Packard Company (NYSE:HPQ) in last trading activity moved down -4.27% to close at $36.13. Company weekly performance is -9.86% while its quarterly performance stands at 2.53%. Hewlett-Packard Company (NYSE:HPQ) is -12.09% away from its 52 week high.

Bank of America Merrill Lynch marketing name for the global banking and global markets businesses of Bank of America Corporation (NYSE:BAC) was recently named winner of eight awards by financial trade publication, “Treasury Management International (TMI),” in itsannual Awards for Innovation & Excellence in Treasury. On Friday shares of Bank of America Corporation (NYSE:BAC) closed at $15.15. Company’s sales growth for last 5 years was -8.20% and EPS growth for next 5 years is recorded as 8.00%.

Senior Analyst Jim Sinegal of Morningstar says that Citigroup Inc (NYSE:C) is an attractive, undervalued stock right now that will have a lot more investor interest once it boosts its dividend and payout capital and continues its exposure to developing markets. Citigroup Inc. (NYSE:C) in last trading activity decreased -1.41% to close at $46.95. Company weekly performance is -3.41% while its quarterly performance stands at -10.79%. Citigroup Inc. (NYSE:C) is -17.54% away from its 52 week high.

On January 27, The Spectranetics Corporation (NASDAQ:SPNC) announced it has completed the acquisition of Covidien’s Stellarex™ drug coated balloon angioplasty (DCB) platform. The transaction closed after the acquisition of Covidien by Medtronic. On last trading day The Spectranetics Corporation (NASDAQ:SPNC) moved down -4.77% to close at $32.71. Its volatility for the week is 3.79% while volatility for the month is 3.37%. SPNC’s sales growth for past 5 years was 8.80% and its EPS growth for past 5 years was 39.20%. The Spectranetics Corporation (NASDAQ:SPNC) monthly performance is -5.16%.


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