Rite Aid Corporation RAD is an appropriate investment option at the moment given the robust services provided by this drug-store retailer. The company has been benefiting from its efforts to reach out to customers and making available medicine refills for the prescribed customers. Moreover, the company’s EnvisionRxOptions strategy and focus on PBM bode well.
Driven by these positives, the company’s shares have outperformed the industry and the overall Retail-Wholesale sector in the past three months. This Zacks Rank #1 (Strong Buy) stock has rallied approximately 44.8% compared with the industry’s and sector’s growth of 14.4% and 20.6%, respectively.
That said, let’s delve into the factors that make Rite Aid a promising bet.
Solid Demand Show
Rite Aid is benefiting from the expansion of services to its customers amid the COVID-19 crisis. Notably, the company is providing free home delivery service to customers with an eligible prescription. Further, it is offering