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News Buzz: Rite Aid Corporation (NYSE:RAD), EMC Corporation (NYSE:EMC), Extra Space Storage Inc. (NYSE:EXR), MeetMe, Inc. (NASDAQ:MEET), Omnicare Inc. (NYSE:OCR)

News Buzz: Rite Aid Corporation (NYSE:RAD), EMC Corporation (NYSE:EMC), Extra Space Storage Inc. (NYSE:EXR), MeetMe, Inc. (NASDAQ:MEET), Omnicare Inc. (NYSE:OCR)
Written by
Charles Donlon
Published on
November 14, 2014
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Next week Rite Aid Corporation (NYSE:RAD) is giving away $10 free store credit (called +UP Rewards) with the purchase of a $50 Best Buy Gift Card. Remember, +UP Rewards are like Rite Aid play money and can be spent on most purchases inside of Rite Aid as soon as the following day after 6 a.m. The rewards load automatically onto your Rite Aid card and you have two weeks to use them or they disappear. Rite Aid Corporation (NYSE:RAD) belongs to Services sector. Its net profit margin is 1.00% and weekly performance is 0.75%. On last trading day company shares ended up $5.39. Rite Aid Corporation (NYSE:RAD) distance from 50-day simple moving average (SMA50) is 1.11%. EMC Corporation (NYSE:EMC)’s CEO David I. Goulden sold 43,546 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $28.67, for a total transaction of $1,248,463.82. EMC Corporation (NYSE:EMC) shares moved down -0.03% in last trading session and ended the day at $29.42. EMC Gross Margin is 62.20% and its return on assets is 6.70%. EMC Corporation (NYSE:EMC) quarterly performance is -0.64%. Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.72 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.07. The company had revenue of $167.37 million for the quarter, compared to the consensus estimate of $158.10 million. During the same quarter last year, the company posted $0.55 earnings per share. Extra Space Storage’s revenue was up 25.7% compared to the same quarter last year. Analysts expect that Extra Space Storage will post $2.50 EPS for the current fiscal year. On 13 November, Extra Space Storage Inc. (NYSE:EXR) shares advanced 0.97% and was closed at $58.46. EXR EPS growth in last 5 year was 26.60%. Extra Space Storage Inc. (NYSE:EXR) year to date (YTD) performance is 42.41%. MeetMe, Inc. (NASDAQ:MEET) announced that it set a new daily record for the number of user-to-user chats. For the first time in MeetMe’s history, more than 20 million chats were sent on a single day.MeetMe (MEET) has launched a new “Boost” feature that allows users to gain premium placement on both the main Meet tab and on the Chat tab of the redesigned MeetMe app. MeetMe, Inc. (NASDAQ:MEET) ended the last trading day at $1.78. Company weekly volatility is calculated as 4.17% and price to cash ratio as 13.72. MeetMe, Inc. (NASDAQ:MEET) showed a weekly performance of -5.32%. Omnicare, Inc. (NYSE: OCR) (the "Company") announced today an adjustment to the conversion rate of its 3.75% Convertible Senior Subordinated Notes due 2042 (the "2042 Notes"). Effective immediately, the adjusted conversion rate for the 2042 Notes is 24.5154 shares of common stock per $1,000 principal amount of the 2042 Notes, or approximately $40.79 per share. The conversion rate per $1,000 principal amount of the 2042 Notes was previously 24.3607 shares of common stock per $1,000 principal amount of the 2042 Notes. Omnicare Inc. (NYSE:OCR) shares advanced 0.48% in last trading session and ended the day at $69.20. OCR Gross Margin is 22.30% and its return on assets is 1.00%. Omnicare Inc. (NYSE:OCR) quarterly performance is 10.77%.

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