On Wednesday, Shares of Rite Aid Corporation (NYSE:RAD), gained 1.88% to $8.67.
Rite Aid Corporation, declared sales results for May.
Monthly Sales
For the five weeks ended May 30, 2015, same store sales raised 2.1 percent over the preceding-year period. May front-end same store sales raised 0.1 percent. Pharmacy same store sales, which comprised of an approximate 179 basis points negative impact from new generic introductions, raised 3.0 percent. Prescription count at comparable stores raised 0.7 percent over the preceding-year period.
Total drugstore sales for the five-week period raised 2.0 percent to $2.535 billion contrast to $2.484 billion for the same period last year. Prescription sales accounted for 68.7 percent of drugstore sales, and third party prescription sales represented 97.8 percent of pharmacy sales.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Shares of Ocean Rig UDW Inc. (NASDAQ:ORIG), declined -12.86% to $7.05, during its last trading session.
Ocean Rig UDW, declared that it priced the offering of 28,571,428 shares of its common stock, par value $0.01 per share, at a price of $7.00 per share. The offering is predictable to close on June 8, 2015. As part of the offering, George Economou, our Chairman, President and Chief Executive Officer, is purchasing $10 million, or 1,428,571 shares, of common stock in the offering at the public offering price, a number of common shares that maintains his direct ownership in Ocean Rig, representing about five percent of its common stock.
Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC are acting as joint lead managers, joint bookrunners and placement agents in the offering. Clarksons Platou Securities AS and Pareto Securities AS are acting as placement agents. Clarksons Platou Securities AS and Pareto Securities AS are not U.S. registered broker-dealers and to the extent that this offering is made within the United States, their activities will be affected only to the extent permitted by Rule 15a-6 of the Securities Exchange Act of 1934, as amended. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes, counting the acquisition of drilling rigs.
Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry.
Finally, Allegheny Technologies Inc. (NYSE:ATI), ended its last trade with 1.09% gain, and closed at $33.29.
Allegheny Technologies Incorporated, said that, during routine maintenance, it discovered a defective component in the rotary crop shear (RCS) at its Hot-Rolling and Processing Facility (HRPF). As a result, the RCS is predictable to be offline until at least the end of September 2015. The RCS is used in the production process to cut the head and tail of the slab before it enters the HRPF’s seven-stand finishing mill. The HRPF will continue to operate without the RCS. This outage will not impact any dimensional capability of ATI’s flat-rolled products.
“We expect to continue to produce the vast majority of our flat-rolled products on the HRPF while the RCS is off-line and we don’t expect this issue to have an impact on our customers,” said Rich Harshman, Chairman, President and Chief Executive Officer. “For Grain-Oriented Electrical Steel, we will use alternative, less efficient production processes, counting the legacy hot strip mill which was warm-idled earlier this year.
“Preceding to detecting the defective RCS component, the HRPF’s performance was outstanding and the realization of predictable cost reductions and new product sales were on plan. We expect to build upon this momentum when the RCS component is replaced and the RCS returns online.
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products.
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