NEW YORK, NY / ACCESSWIRE / September 8, 2017 / The markets took a hit on Thursday as banking stocks slid on falling rates and after Walt Disney Co. lowered its 2018 earnings guidance. The Dow Jones Industrial Average declined 0.10 percent to close at 21,784.78, while the S&P 500 Index fell 0.02 percent to close at 2,465.10. Bank of America, Citigroup and Goldman Sachs all declined more than 1 percent as the yield on the benchmark 10-year Treasury note fell 4.7 basis points to settle at 2.061%, which was the lowest since November 8th.

"We're walking away from the prospect of a December rate hike," said Wunderlich Securities chief market strategist Art Hogan. "There certainly is a correlation between banks moving lower and Treasurys moving higher. ... You're seeing an equal but opposite reaction."

RDI Initiates Coverage on:

GNC Holdings Inc.
https://rdinvesting.com/news/?ticker=GNC

Rite Aid Corporation
https://rdinvesting.com/news/?ticker=RAD

GNC Holdings Inc.'s stock jumped 10.32% Thursday, to close the day at $9.09. The stock recorded a trading volume of 3,622,235 shares, which was above its three months average volume of 2,258,370 shares. In the last year GNC Holdings Inc.'s shares have traded in a range of 6.51 - 22.32. The share price has gained 39.63% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $9.16 is greater than its 200-day moving average of $8.02. Shares of GNC Holdings have fallen approximately 17.58 percent year-to-date.

Access RDI's GNC Holdings Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GNC

On Thursday, shares of Rite Aid Corporation recorded a trading volume of 25,409,850 shares, which was below the three months average volume of 34,236,800 shares. The stock ended the day 4.13% higher at 2.52. The stock is currently trading 71.27% below its 52 week high with a 52 week trading range of 2.21 - 8.77.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $2.35 is below its 200-day moving average of $3.57. Shares of Rite Aid have fallen approximately 69.42 percent year-to-date.

Access RDI's Rite Aid Corporation Research Report at:
https://rdinvesting.com/news/?ticker=RAD

Our Actionable Research on GNC Holdings Inc. (NYSE: GNC) and Rite Aid Corporation (NYSE: RAD) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com