Rite Aid Attributes Bankruptcy Return to Empty Shelves, Shopper Trade-Down
- Rite Aid has claimed in a court filing Tuesday (May 6) that its inability to sustain a successful recovery and its subsequent return to bankruptcy protection is primarily due to sparsely stocked store shelves and to trade-down from lower-income consumers.
- 05/06/2025
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Rite Aid Files for Bankruptcy, Job Cuts Expected
- Rite Aid Corp. said Monday (May 5) that it has filed for Chapter 11 bankruptcy protection again, less than a year after emerging from a previous restructuring effort. This bankruptcy filing would be the company's second in under three years.
- 05/05/2025
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Rite Aid heading for bankruptcy again, plans to cut jobs: report
- The company was unable to secure additional capital from lenders that was needed to continue operating the business, Bloomberg reported, citing a letter from CEO Matthew Schroeder.
- 05/05/2025
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Rite Aid Emerges From Bankruptcy, Names CFO Matt Schroeder as CEO
- Rite Aid has announced a leadership transition as it emerges from Chapter 11 bankruptcy. Jeffrey S.
- 09/03/2024
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Rite Aid Picks Insider CEO As Company Emerges From Bankruptcy
- Rite Aid has selected long-time company executive Matt Schroeder as the company's new chief executive officer as the company exits federal bankruptcy protection.
- 09/03/2024
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Rite Aid to close over two dozen stores amid bankruptcy proceedings
- Rite Aid said the proceedings would involve continued store footprint optimization.
- 06/20/2024
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AITX CEO, Steve Reinharz, Sets Forth the Company’s Path to
- Interview With SmallCapVoice.com Streaming on YouTube Now Detroit, Michigan, April 18, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), is pleased to share that Steve Reinharz, CEO/CTO of AITX and RAD … The post AITX CEO, Steve Reinharz, Sets Forth the Company’s Path to appeared first on Headlines...
- 04/21/2024
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AITX’s RAD Penetrates Further into Healthcare Market with
- Detroit, Michigan, April 11, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), has secured an initial order from a prominent healthcare provider ranked in the top 25 nationwide. The order is for multiple units of RAD’s RIO™ 360 solar-powered security towers. The specifics … The post AITX’s RAD Penetrates Further into Healthcare Market with appeared first on Headlines of Today...
- 04/15/2024
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Unprecedented Showcasing: AITX's RAD Sets Sights on ISC West with Featured Presentations and Exposure
- Detroit, Michigan, April 04, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), is pleased to announce that it will have the most feature presentations and panels in Company history, and likely the most participation in the show education seminars than any other participant. … The post Unprecedented Showcasing: AITX's RAD Sets Sights on ISC West with Featured Presentations and Exposure a...
- 04/04/2024
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RADDOG, the Robot Dog from AITX’s RAD, Continues its Media
- RADDOG is Proving to be a Media Darling in the Making Detroit, Michigan, March 25, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that RADDOG™, the robotic dog, is swiftly emerging as a media sensation, charming audiences with its cutting-edge technology … The post RADDOG, the Robot Dog from AITX’s RAD, Continues its Media appeared first on Headlines of Today...
- 03/25/2024
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AITX’s RAD Has Begun 100 Unit Robot Dog ‘RADDOG’ LE
- With RADDOG LE Gen2, RAD Further Leans into Law Enforcement Robotics Detroit, Michigan, March 21, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that it began the early production stages for 100 units of its next generation RADDOG™ LE in January … The post AITX’s RAD Has Begun 100 Unit Robot Dog ‘RADDOG’ LE appeared first on Headlines of Today...
- 03/24/2024
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AITX’s and RAD’s ROSA Appears in ‘Cash Out’ Starring John
- Action-Packed Bank Heist Film Premiered Thursday Night, with CEO Steve Reinharz in Attendance Detroit, Michigan, March 22, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCPK:AITX), today announced that ROSA, its most popular AI-powered security solution is featured in the upcoming action film ‘Cash … The post AITX’s and RAD’s ROSA Appears in ‘Cash Out’ Starring John appeared first on Headlines o...
- 03/23/2024
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AITX’s RAD March 3, 2024 Investor ‘Ask Me Anything’
- Discussion Items Included Company Performance, Points Related to the Stock and Other Material Items Detroit, Michigan, March 04, 2024 (GLOBE NEWSWIRE) — Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), a global leader in AI-driven security and productivity solutions along with its wholly owned subsidiary, Robotic Assistance Devices, Inc. (RAD), completed an informative ‘Ask Me …
- 03/04/2024
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Rite Aid prohibited from using facial-recognition technology as part of FTC settlement
- Rite Aid Corp. RADCQ, -0.31% said Tuesday it has reached a settlement with the Federal Trade Commission after the agency alleged the retail chain falsely tagged consumers, particularly women and people of color, as shoplifters. Rite Aid will be banned from using facial-recognition technology for surveillance for five years as part of the settlement.
- 12/19/2023
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FTC Bans Rite Aid From Using AI Facial Recognition Technology In Settlement
- The Federal Trade Commission said Rite Aid will be "prohibited from using facial recognition technology for surveillance purposes for five years" as part of a settlement of charges that the retailer failed to deploy such technology without “reasonable safeguards.”
- 12/19/2023
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Rite Aid's Holly, Jolly Holiday How To's
- PHILADELPHIA--(BUSINESS WIRE)--There's no denying the holidays are an unforgettable time of year with so many seasonal staples like family gatherings, gift exchanges, recipe traditions, and even the less joyful element of stress. As celebrations take place throughout the coming weeks, Rite Aid is offering a one-stop-shop solution for cherishable memory-making that keeps the “happy” in Happy Holidays. Acquaintance Gift Guide Buying gifts for others can be a difficult and draining task. Pair it w.
- 12/05/2023
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Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit
- Rite Aid sued the U.S. Department of Justice on Thursday, seeking to stop a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of prescriptions for addictive opioid medication.
- 11/16/2023
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7 Blue-Chip Stocks to Sell and Never Buy Back
- Many once great stocks have lost their shine. Blue-chip companies that for years were reliable winners in the market have fallen on hard times and their share prices have steadily eroded.
- 11/10/2023
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What Leaders Can Learn From Rite Aid's Bankruptcy
- Executives in any business can learn from the pharmacy giant's collapse.
- 11/07/2023
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FDA's eye-drops recall: The full list of CVS, Walmart, Target and Rite Aid products that you should stop using ASAP
- The list of over-the-counter eye drops that the Food and Drug Administration warns could lead to serious infections continues to grow, with the federal regulatory agency now warning about Walmart products as well.
- 11/02/2023
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FDA warns against use of two-dozen eye drop products sold at CVS, Rite Aid over risk of infection and vision loss
- The FDA is telling consumers to avoid two dozen eye drop products sold at major retailers including CVS and Rite Aid, because they could cause eye infections and potentially lead to vision loss.
- 10/30/2023
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Strike Alert 2023: Workers at CVS, Walgreens, Rite Aid Walk Out
- Workers at pharmacy companies CVS (NYSE: CVS ), Walgreens (NASDAQ: WBA ) and RiteAid (OTCMKTS: RADCQ ) have staged a strike that has them walking out on the businesses for three days to highlight working conditions The strikes at CVS, Walgreens and RiteAid are focused on unsafe working conditions. Employees of these companies are focusing on how understaffed locations are, requiring a daunting amount of work for the company's workers.
- 10/30/2023
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The Next Rite Aid? 7 Companies That Could File for Bankruptcy in 2023
- Bankruptcy filings are on the rise. As the economic good times of the past few years are seemingly drawing to a close, it's creating trouble for many publicly traded companies.
- 10/25/2023
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Rite Aid Files for Bankruptcy: Is Walgreens Boots Alliance Headed for the Same Fate?
- These pharmacy retailers have a lot in common, as both have struggled to stay out of the red. Walgreens remains unprofitable, but it is making efforts to reduce even more costs.
- 10/25/2023
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CVS Health: Rite Aid's Chapter 11 Provides Opportunity
- CVS Health can derive strong synergy benefits from their pharmacies, health insurance, and PBM businesses. CVS Health's debt load is manageable and offers the opportunity to acquire a number of Rite Aid drugstores. However, there is a big shark lurking: Amazon Pharmacy.
- 10/22/2023
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Rite Aid Rides a Hot 2023 Trend: Going Bankrupt
- So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-discretionary companies, like Rite Aid.
- 10/20/2023
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Make Rite Aid a Meme Stock at Your Own Risk
- The search for the next meme stock has taken a bizarre twist. Retail investors are known for attempting to save the failing companies that Wall Street bets against.
- 10/19/2023
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Walgreens pays $192.5M to settle Rite Aid investors' lawsuit
- Walgreens Boots Alliance Inc (NASDAQ:WBA) has agreed to pay $192.5 million to settle a class action lawsuit brought on by Rite Aid (NYSE:RAD) investors, according to a deal filed in Pennsylvania federal court on Wednesday. The deal is subject to approval by District Judge Jennifer Wilson.
- 10/19/2023
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A List of 150 Stores Rite Aid Is Closing
- Rite Aid, which just moved into Chapter 11, will close 150 stores. It has 2,300 in 17 states, so the number is likely to rise.
- 10/19/2023
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Rite Aid closing 154 stores in 15 states: Here's the list
- Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging sales.
- 10/19/2023
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Rite Aid is closing 154 stores as part of bankruptcy
- Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of those closures published in court documents filed on Tuesday. That list was released after the drugstore chain filed for chapter 11 bankruptcy protection in New Jersey over the weekend, amid billions in debt related to opioid lawsuits.
- 10/18/2023
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Rite Aid lost more than $1 billion in months before bankruptcy filing
- Rite Aid warned investors it may not be able to keep its business running.
- 10/18/2023
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Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list
- Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts.
- 10/18/2023
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Drugstore chain Rite Aid raises going concern doubts
- U.S. drugstore chain Rite Aid raised concerns about its ability to remain in business in a regulatory filing, days after it filed for bankruptcy protection.
- 10/18/2023
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Bankrupt Rite Aid resolves drug supply dispute with McKesson
- Pharmacy chain Rite Aid has settled a critical dispute with drug supplier McKesson Corp to ensure that customers' prescriptions will continue to be filled during Rite Aid's bankruptcy, attorneys said on Tuesday.
- 10/17/2023
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Shares of bankrupt Rite Aid plunge despite meme-stock chatter
- Trading in Rite Aid's stock was halted premarket Monday after the company filed for chapter 11. Bonds issued by Rite Aid RAD also sold off heavily.
- 10/17/2023
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Rite Aid is planning to close about 150 locations. See if your local store is on the list.
- Rite Aid filed plans to close 154 stores on Monday as part of its Chapter 11 bankruptcy. The chain had about 2,100 stores around the US headed into its bankruptcy.
- 10/17/2023
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Rite Aid (RAD) Expedites Transformation on Restructuring Plan
- Rite Aid's (RAD) new restructuring plan is likely to reduce debt, strengthen liquidity, accelerate store footprint optimization plan and divest Elixir Solutions to MedImpact.
- 10/17/2023
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Rite Aid's stock tumbles 55% to join its cratering bonds after bankruptcy filing
- Rite Aid Corp.'s stock tumbled 55% Tuesday, falling to 30 cents, after resuming trade following a halt on Monday. The stock was halted after the company filed for bankruptcy amid mounting piles of debt-related to opioid lawsuits.
- 10/17/2023
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Rite Aid Is Filing For Bankruptcy: Here's What's Happened
- The company has come under increased pressure for their high levels of debt, as well as ongoing litigation stemming from the opioid epidemic
- 10/17/2023
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7 Options Trades to Profit From a Falling Market
- While bulletproof dividend stocks genuinely offer a higher probability of protection (over the long run) against an incoming market downcycle, investors growing in their sophistication may want to consider options trades. As derivatives of the underlying securities, options provide incredible flexibility that you can't get with buy-and-hold dynamics.
- 10/16/2023
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Rite Aid files for bankruptcy
- CNBC's Gabrielle Fonrouge joins 'Power Lunch' to discuss Rite Aid filing for bankruptcy and what went wrong.
- 10/16/2023
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CVS, Walgreens and Rite Aid are closing thousands of stores. Here's why
- Drug store chains for decades saturated US cities, suburbs and small towns with new stores.
- 10/16/2023
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Rite Aid Bankruptcy Shows Defaults Going From Bad to Worse
- With drugstore chain Rite Aid filing bankruptcy, the already long list of busts adds a fairly high-profile name.
- 10/16/2023
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Rite Aid bankruptcy complicated by opioid lawsuits, debt
- Rite Aid (RAD) has officially filed for bankruptcy while struggling with piling debt and ongoing opioid lawsuits. Yahoo Finance's Josh Schafer reports on this story and deep dives into the unique nature of this particular Chapter 11 filing for the chain pharmacy.
- 10/16/2023
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Rite Aid's bonds sell off after bankruptcy filing as stock is halted
- Bonds issued by troubled drugstore chain Rite Aid Corp. sold off on Monday, after the company filed for bankruptcy, facing billions of dollars of debt related to opioid lawsuits.
- 10/16/2023
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Rite Aid joins companies going bankrupt amid opioid litigation
- Drugstore chain Rite Aid is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis.
- 10/16/2023
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Rite Aid Files For Bankruptcy, Will Close Underperforming Stores
- Drugstore company Rite Aid (RAD) filed for bankruptcy, facing slowing sales and opioid litigation. The company will also close underperforming stores according to a turnaround plan agreed upon by its key creditors.
- 10/16/2023
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Rite Aid files for Chapter 11 bankruptcy
- Rite Aid (RAD) shares dropped in early trading as the company filed for Chapter 11 bankruptcy amid slowing sales, increasing debt, and opioid lawsuits. Yahoo Finance's Seana Smith and Brad Smith discuss the news.
- 10/16/2023
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Rite Aid Stock Sinks After Chapter 11 Bankruptcy Filing
- Rite Aid Corp (NYSE:RAD) stock is down 5.6% to trade at $0.61 at last check, after the pharmacy concern filed for Chapter 11 bankruptcy protection this weekend, amid slowing sales, increasing debt, and opioid-related lawsuits.
- 10/16/2023
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RAD Stock Sinks as Rite Aid Files for Ch. 11 Bankruptcy
- Rite Aid (NYSE: RAD ) stock is on the move Monday after the pharmacy chain filed for Chapter 11 bankruptcy protection in New Jersey. The bankruptcy filing from the company comes as it plans to use the period to undergo a restructuring.
- 10/16/2023
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RAD Stock: Is Rite Aid About to Become the Next Meme Stock?
- Rite Aid (NYSE: RAD ) filed for bankruptcy, leading to speculation that RAD stock could become a “meme stock” like Yellow or Bed Bath & Beyond. YELL and BBBY (and subsequent OTC traded YELLQ and BBBYQ, respectively) saw brief short squeezes after they filed for bankruptcy earlier this year.
- 10/16/2023
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Opioid Lawsuits, Debt Finally Sink Rite Aid
- When rumors started to fly regarding Walgreens' purchase of Rite Aid Corp. (NYSE: RAD) in the summer of 2015, Rite Aid's stock soared to an all-time high of almost $190.
- 10/16/2023
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Rite Aid files for Chapter 11
- US pharmacy chain Rite Aid (NYSE:RAD) filed for Chapter 11 bankruptcy over the weekend to add to the growing corporate casualty list stemming from the opioid dependency crisis. In a statement, Rite Aid (NYSE:RAD) said it has agreed to a restructuring with creditors plus US$3.45 billion of new loans to implement its plans.
- 10/16/2023
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Rite Aid Files for Bankruptcy. It's All About Opioid Lawsuits.
- Drugstore chain Rite Aid filed for bankruptcy late Sunday, said it will close more of its stores and named a new CEO as part of a restructuring.
- 10/16/2023
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US pharmacy chain Rite Aid files for Chapter 11
- US pharmacy chain Rite Aid (NYSE:RAD) filed for Chapter 11 bankruptcy over the weekend to add to the growing corporate casualty list stemming from the opioid dependency crisis. In a statement, Rite Aid said it has agreed to a restructuring with creditors plus US$3.45 billion of new loans to implement its plans.
- 10/16/2023
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Rite Aid Files For Chapter 11 Bankruptcy
- The pharmacy retail giant has been struggling with a slump in sales and a growing number of lawsuits for its alleged role in fanning the opioid crisis.
- 10/16/2023
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Rite Aid files for bankruptcy, appoints new leadership in financial restructuring initiative
- Rite Aid filed for Chapter 11 bankruptcy and appointed Jeffrey Stein as its new CEO and CRO as part of a major financial restructuring effort.
- 10/16/2023
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Rite Aid Files For Bankruptcy With More ‘Underperforming Stores' To Close
- Rite Aid filed for Chapter 11 bankruptcy protection Sunday with plans to close more "underperforming stores."
- 10/16/2023
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Rite Aid files for bankruptcy
- Rite Aid filed for Chapter 11 bankruptcy protection Sunday, after being embroiled in legal battles for allegedly filling unlawful opioid prescriptions.
- 10/15/2023
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Rite Aid files for bankruptcy amid slowing sales, opioid litigation
- Drugstore chain Rite Aid filed for bankruptcy as it faces a mounting debt pile, slowing sales and lawsuits alleging it oversupplied painkillers.
- 10/15/2023
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Rite Aid files for bankruptcy, will close more stores: report
- Drugstore chain Rite Aid Corp. has filed for bankruptcy, the Wall Street Journal reported Sunday night.
- 10/15/2023
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Drug retailer Rite Aid files for bankruptcy protection
- Rite Aid Corp filed for Chapter 11 bankruptcy on Sunday, as it comes under pressure from lawsuits alleging that the drugstore chain helped fuel the opioid crisis in the United States.
- 10/15/2023
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Penny Stocks To Buy Now? 8 To Watch With Unusual Options Action
- Penny stocks, defined as equities under $5 per share, offer huge upside potential but also higher risk. Savvy traders look for signals from options activity to identify promising penny stocks poised for gains.
- 10/13/2023
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5 Penny Stocks To Buy For Under $5 With Unusual Options Action
- If you're looking for penny stocks to buy today, broad stock market news might not be at the top of your mind. However, whether focusing on small cap stocks or larger cap stocks, things like today's PPI inflation data report are worth knowing about.
- 10/11/2023
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Embattled Rite Aid Faces Delisting From NYSE
- Rite Aid disclosed it was no longer in compliance with New York Stock Exchange ‘continued listing standards” and needs to take measures to boost its share price to regain good standing.
- 10/04/2023
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Rite Aid gets listing warning from NYSE
- Shares of Rite Aid Corp. fell 2% after hours on Wednesday after the drugstore chain said the New York Stock Exchange notified the company that it is “no longer in compliance” with the exchange's minimum pricing and valuation standards, following a steep drop for the stock so far this year. The company said that it received the notice on Sept.
- 10/04/2023
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RAD Stock Alert: Rite Aid Preps to Close Hundreds of Stores
- Rite Aid (NYSE: RAD ) stock is taking a beating on Monday after bankruptcy reports claimed the pharmacy chain is closing hundreds of stores. According to these reports, Rite Aid is preparing to close between 400 and 500 of its locations.
- 09/25/2023
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Rite Aid Proposes Closing About A Quarter Of Its Stores In Bankruptcy, Report Says
- Reports about the drug store chain's potential bankruptcy filing began circulating late last month, though the company has yet to confirm the move.
- 09/22/2023
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Struggling Rite Aid proposes to close up to 500 stores under bankruptcy plan: report
- Rite Aid faces more than $3.3 billion in debt and over a thousand federal lawsuits alleging it oversupplied opioids, the Journal reported.
- 09/22/2023
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3 Strong Sell Stocks for September 2023
- If you're looking out for stocks to avoid, you've come to the right place. Knowing when to give up on a company, cut your losses, and move on can be difficult for investors.
- 09/15/2023
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Rite Aid (RAD) Moves to Buy: Rationale Behind the Upgrade
- Rite Aid (RAD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 09/05/2023
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Top 5 Defensive Stocks That Could Blast Off This Quarter - Dollar Tree (NASDAQ:DLTR), Eastside Distilling (NASDAQ:EAST)
- The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
- 08/31/2023
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Rite Aid stock is experiencing extreme turbulence: Here's why
- Shares of Rite Aid were slightly lower Monday after soaring more than 20% higher in morning trading.
- 08/28/2023
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RAD Stock Alert: Will Rite Aid Be the Next Big Short Squeeze?
- Rite Aid (NYSE :RAD ) stock is advancing 2% in morning trading as of this writing. This comes after RAD stock plunged some 50% on Friday.
- 08/28/2023
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Rite Aid reportedly prepares bankruptcy filings while facing opioid lawsuits
- Rite Aid (RAD) shares slide lower this morning as the pharmacy chain prepares bankruptcy filings while dealing with lawsuits over the sale of opioids, according to the Wall Street Journal. Yahoo Finance Live monitors the company's stock action year-to-date and how Rite Aid compares to the performance of competitors CVS and Walgreens (WBA).
- 08/28/2023
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Why Is Rite Aid (RAD) Stock Down Today?
- Rite Aid (NYSE: RAD ) stock is falling on Monday following reports that the pharmaceutical company is preparing to file for bankruptcy. According to these reports, Rite Aid is getting ready to file for bankruptcy in the near future.
- 08/28/2023
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3M shares climb on lawsuit settlement update, while Rite Aid drops on bankruptcy reports and other moving shares
- Shares of 3M Co. MMM, +0.46% rose 4.6% in premarket trading after The Wall Street Journal reported that the multinational conglomerate was nearing agreement on a $5.5 billion plan to settle more than 300,000 lawsuits over defective military earplugs.
- 08/28/2023
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Twinkies and Snoballs parent Hostess scores best stock day ever on deal buzz; Rite Aid suffers its worst
- A pair of classic American brands had opposite days Friday as shares of one soared to their best day ever on reports of a possible sale, while the other's stock suffered its worst performance on record after a report of a pending bankruptcy.
- 08/25/2023
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RAD Stock Alert: Rite Aid Plunges on the Brink of Bankruptcy
- What a day it's been for shareholders in Rite Aid (NYSE: RAD ). Shares of RAD stock sank more than 50% in today's session as investors priced in some rather bleak news.
- 08/25/2023
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Rite Aid prepares to file for bankruptcy: report
- Rite Aid, one of the biggest pharmacy chains in the country, is preparing to file for Chapter 11 bankruptcy protection in coming weeks, according to a new report.
- 08/25/2023
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Rite Aid's stock drops more than 50% on pending chapter 11 bankruptcy: WSJ
- Rite Aid Corp. RAD, -52.78% shares dropped Friday following a report that the drugstore chain was filing for chapter 11 bankruptcy protection because of opioid lawsuits. Rite Aid shares dropped more than 50% to an intraday low of 66 cents a share after the Wall Street Journal reported the company was filing to cover more than $3.3 billion in debt amid lawsuits that allege the drugstore chain overprescribed opioid painkillers, citing people familiar with the plans.
- 08/25/2023
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Rite Aid Reportedly Preparing For Bankruptcy Amid Opioid Lawsuits And $3.3 Billion Debt
- Rite Aid could become the latest company to declare bankruptcy as a result of lawsuits filed in the wake of the opioid crisis.
- 08/25/2023
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Rite Aid reportedly prepares to file for bankruptcy to shield it from opioid lawsuits
- The Chapter 11 filing would cover Rite Aid's more than $3.3 billion debt load and pending legal allegations that it oversupplied prescription painkillers, the Journal reported.
- 08/25/2023
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Drug retailer Rite Aid prepares to file for bankruptcy - WSJ
- Rite Aid Corp is preparing to file for bankruptcy in coming weeks to address lawsuits the company is facing over its alleged role in the sale of opioids, the Wall Street Journal reported on Friday, citing people familiar with the plan.
- 08/25/2023
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Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
- Analysts said blockbuster weight loss drugs like Wegovy are minimally profitable for retailers like Walmart – and may even come with slight margin headwinds.
- 08/21/2023
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TTOO vs. RAD Stock: Which New Meme Stock Is the Worst Buy?
- Earlier this week, InvestorPlace's Thomas Yeung posed an interesting question: Could Rite Aid (NYSE: RAD ) become the next big meme stock? As meme stocks surged last week, The Wall Street Journal flagged the struggling pharmaceutical chain as a likely contender for the next r/WallStreetBets favorite.
- 08/09/2023
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Could Rite Aid Become the Next AMC Meme Stock?
- Last week, meme investors “discovered” Rite Aid (NYSE: RAD ), sending its shares up 70%. The Wall Street Journal would quickly give the company a meme stock crown.
- 08/08/2023
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Retail traders swarm Rite Aid shares in latest meme stock rally
- CNBC's Kate Rooney reports on news regarding Rite Aid, and other popular shorts.
- 08/07/2023
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Rite Aid Short Squeeze Takes RAD Stock 6% Higher
- Shares of Rite Aid (NYSE: RAD ) stock are bouncing higher on Friday, up about 5.5% at the moment. At today's high, RAD stock was up roughly 23%.
- 08/04/2023
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Best Penny Stocks To Buy? 3 To Watch With Unusual Options Action
- Retail investors are on the prowl for the best penny stocks to invest in. We've touched on several unique trends currently influencing the stock market, including sentiment-driven sympathy trades.
- 08/04/2023
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Why Shares of Rite Aid Soared This Week
- Rite Aid has not had a profitable year since 2018. The company reported a loss of $306 million in its last quarterly report.
- 08/04/2023
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Is a Giant Short Squeeze Brewing in Rite Aid (RAD) Stock?
- Yesterday, Rite Aid (NYSE: RAD ) stock had its best day since 2019 after being identified as a short squeeze. Shares in the pharmacy chain rose over 31% after Fintel reported that 23% of the company's stock was being held short, and 51% of its off-exchange volume was short.
- 08/03/2023
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Best Penny Stocks To Watch After Fitch Downgrade? 3 For Your List
- Penny stocks are an interesting asset class. On any given day, you will see at least a handful experiencing extreme levels and explosive moves.
- 08/02/2023
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3 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Headwinds
- The Zacks Retail Pharmacy and Drugstore industry players like CVS, HLF and RAD are likely to gain despite reimbursement challenges hurting the overall industry health.
- 07/19/2023
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Can Rite Aid (RAD) Stock Bounce Back on Growth Endeavors?
- Despite drab demand and headwinds at Elixir Insurance, Rite Aid's (RAD) solid online show, strength in the Retail Pharmacy segment and cost-saving initiatives are likely to aid growth.
- 07/10/2023
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Rite Aid Not Ruling Out More Store Closures As Losses Mount
- Rite Aid executives aren't ruling out more store closures as the company sustains more financial losses while they're working their turnaround plan.
- 07/01/2023
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Rite Aid Could Become An Acquisition Target
- Shares of Rite Aid NYSE: RAD have been on a sluggish path to becoming a near-penny stock, despite being one of the most entrenched brands in American Households. This name has become synonymous with children's 'boo boos' and first-aid kits.
- 06/30/2023
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Rite Aid Rides Ozempic Wave but Fails to Profit
- During its fiscal first quarter, Rite Aid reported a boost in pharmacy sales, attributed to the introduction of a new category of drugs. Pharmacy sales rose 3.4% year over year, fueled by the demand for Ozempic and other GLP-1 receptor agonists.
- 06/29/2023
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Rite Aid (RAD) Q1 Loss Narrower Than Expected, Revenues Beat
- Rite Aid's (RAD) Q1 results gain from solid pharmacy margins and progress in its turnaround program. Lower revenues from COVID-19 vaccines and testing, and store closures are headwinds.
- 06/29/2023
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Rite Aid falling behind pharmacy competitors after reporting earnings
- Shares of Rite Aid are slightly up following the company's first quarter earnings release, despite a decrease in revenue. Yahoo Finance Live details where Rite Aid ranks amongst its pharmaceutical competitors, CVS and Walgreens Boots Alliance.
- 06/29/2023
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Ozempic and other weight-loss drugs boost pharmacy sales at Rite Aid
- Rite Aid Corp. said Thursday that its fiscal first-quarter pharmacy sales got a boost from a new class of drug.
- 06/29/2023
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Rite Aid (RAD) Reports Q1 Loss, Tops Revenue Estimates
- Rite Aid (RAD) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $1.49. This compares to loss of $0.60 per share a year ago.
- 06/29/2023
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Rite Aid Loss Hits $306 Million As Troubles Mount
- Rite Aid reported a quarterly loss of more than $306 million as the drugstore chain grapples with the loss of customers from its pharmacy benefit business.
- 06/29/2023
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Rite Aid's stock soars 7.5% premarket after company posts narrower-than-expected loss and revenue beat
- Rite Aid Corp.'s stock RAD, -4.40% rose 7.5% in premarket trade Thursday, after the drug store chain posted a narrower-than-expected loss for its fiscal first quarter and better-than-expected revenue. The Philadelphia-based company posted a net loss of $306.7 million, or $5.56 a share, for the quarter to June 3, wider than the loss of $110.2 million, or $2.03 a share, posted in the year-earlier period.
- 06/29/2023
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Rite Aid's stock slides to fresh record low ahead of earnings due Thursday
- Rite Aid Corp.'s stock RAD, -3.15% slid another 3.8% Wednesday to a fresh record low, bringing its five-day loss to 23%. The stock has been under pressure since a Bloomberg report last week that the company is working with banks and lawyers to reorganize its debt, which totals about $2.9 billion, the bulk of which comes due in 2025 and 2026.
- 06/28/2023
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Rite Aid's stock slides to record low amid concerns about possible restructuring of $2.9 billion of debt
- Rite Aid Corp.'s stock tumbled 13% Tuesday to a record low, amid concerns prompted by a Bloomberg report last week that the company is working with banks and lawyers to reorganize its debt.
- 06/27/2023
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Q2 profits are set for their biggest drop since the pandemic, but then the worst may be over for the year
- Wall Street is expecting a third straight quarter of falling profits and the worst decrease since the pandemic in 2020, when second quarter earnings are reported in July, but that may be the bottom for this year.
- 06/24/2023
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Rite Aid to Release First Quarter Results on June 29
- PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) will release financial results for its Fiscal 2024 First Quarter, which ended June 3, 2023, on Thursday, June 29, 2023. The company will hold an analyst call at 8:30 a.m. ET with remarks by Rite Aid's management team. The call will be broadcast at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. ET on Thursday, June 29, 2023, through 11:59 p.m. ET on July 29, 2023. To access the replay o.
- 06/12/2023
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7 Penny Stocks to Sell in June Before They Crash and Burn
- “Price is what you pay, value is what you get.” This famed Warren Buffett investing maxim can serve you well when determining whether a penny stock (stock trading for $5 per share or less) is worthy of a buy, or if it is one of the penny stocks to sell.
- 06/11/2023
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7 Overvalued Penny Stocks to Sell Before June 2023
- While there are plenty of bargains to buy among penny stocks, there are also a good amount of overvalued penny stocks to sell. While significantly lower-priced now than they were at their respective high water-marks, many of these stocks are hardly bargains, trading at valuations unsustainable relative to their current operating performance.
- 05/28/2023
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Bio-Rad's stock leads the S&P 500 decliners, as they suffer the biggest selloff in 36 years after disappointing results.
- Shares of Bio-Rad Laboratories Inc. BIO tumbled 17.5% toward their worst day in 36 years, after the maker of products for the life science research and clinical diagnostics markets reported first-quarter results that missed expectations, amid a drop in COVID-related sales, and cut its full-year outlook. The stock, which paced the S&P 500's SPX decliners, was headed for the biggest one-day decline since it plunged 23.5% on Oct. 20, 1987.
- 05/05/2023
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3 Retail Pharmacy and Drugstore Stocks to Watch in a Growing Industry
- Zacks Retail Pharmacy and Drugstore industry players like CVS, WBA and RAD are likely to gain on the strength of their digital pharmacies.
- 04/24/2023
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Rite Aid Stock Suffers Post-Earnings Slide
- Rite Aid Corp (NYSE:RAD) stock is down 9.3% to trade at $2.15 at last glance, after the company's wider-than-expected first-quarter losses of $1.24 per share.
- 04/20/2023
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Rite Aid (RAD) Reports Q4 Loss, Tops Revenue Estimates
- Rite Aid (RAD) came out with a quarterly loss of $1.24 per share versus the Zacks Consensus Estimate of a loss of $0.77. This compares to loss of $1.63 per share a year ago.
- 04/20/2023
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Rite Aid Losses Hit $241 Million As Stores Close And Covid Test And Vaccine Sales Drop
- Rite Aid reported a quarterly loss of more than $241 million as the struggling drugstore chain suffers from a loss of revenue from store closures on top of the loss of COVID-19 vaccine and testing sales.
- 04/20/2023
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Rite Aid stock drops 7% in premarket after reporting wider-than-expected loss
- Rite Aid Corp. RAD, -5.95% stock dropped 7% in premarket trades after the drug store chain reported a wider-than-expected loss and issued guidance that fell short of estimates. Rite Aid said it lost $241.3 million, or $4.39 loss per share in its fiscal fourth quarter, compared to a loss of $389.06 million, or $7.18 a share in the year-ago quarter.
- 04/20/2023
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Factors Likely to Influence Rite Aid (RAD) in Q4 Earnings
- Higher non-COVID prescriptions, strength in PBM and delivery service expansion are likely to have impacted Rite Aid's (RAD) Q4 performance amid sluggishness in Retail Pharmacy and Pharmacy Services.
- 04/17/2023
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Best Pharmacy Stock to Buy Right Now
- CVS is the only one of the three main pharmacy chains that grew revenue in 2022. Walgreens Boots Alliance has the highest-yielding dividend of the three.
- 04/05/2023
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Top 5 Defensive Stocks That Are Set To Fly
- The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
- 03/24/2023
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Rite Aid to Release Fourth Quarter Results on April 20
- PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) will release financial results for its Fiscal 2023 Fourth Quarter, which ended March 4, 2023, on Thursday, April 20, 2023. The company will hold an analyst call at 8:30 a.m. ET with remarks by Rite Aid's management team. The call will be broadcast at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. ET on Thursday, April 20, 2023, through 11:59 p.m. ET on May 21, 2023.
- 03/23/2023
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Rite Aid Teams With Amazon to Offer 2-Hour Delivery
- Amazon has apparently added another retailer to its stable of home-delivery partners. The eCommerce giant has teamed up with pharmacy chain Rite Aid to offer two-hour delivery to Amazon Prime members in parts of Newark, N.J.
- 03/20/2023
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A Costly DOJ Probe Could Thwart Rite Aid Turn Around
- The U.S. Justice Department said Rite Aid “dispensed controlled substances in violation of the False Claims Act and the Controlled Substances Act.”
- 03/14/2023
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US sues Rite Aid for repeated unlawful opioid prescriptions
- “These practices opened the floodgates for millions of opioid pills and other controlled substances to flow illegally out of Rite Aid's stores,” on DOJ official said.
- 03/14/2023
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US sues Rite Aid for missing opioid red flags
- The US government on Monday sued Rite Aid Corp, accusing the pharmacy chain of missing "red flags" as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids.
- 03/13/2023
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U.S. alleges Rite Aid filled ‘hundreds of thousands' of unlawful prescriptions and ‘opened the floodgates' for illegal opioid market
- Drugstore chain Rite Aid Corp. fueled the nation's opioid crisis for several years by knowingly filling hundreds of thousands of illegal prescriptions for drugs like oxycodone and fentanyl, the U.S. alleged in a complaint announced Monday by the Justice Department.
- 03/13/2023
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Rite Aid (RAD) Down 23.5% in Three Months: Can it Rebound?
- Despite drab demand and supply-chain headwinds, Rite Aid's (RAD) online strength, led by expanded delivery services, increased non-COVID prescriptions and cost-saving initiatives, are likely to aid.
- 03/09/2023
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7 Retail Stocks to Skip as Shoppers Pull back on Spending
- These days, the U.S. economy isn't looking so hot. Inflation is still red-hot.
- 02/27/2023
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Best Penny Stocks This Week? 4 Short Squeeze Stocks To Watch
- Short interest is high on these penny stocks. Time to buy or avoid them entirely?
- 02/22/2023
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4 Penny Stocks To Watch With High Short Interest In January 2023
- Are these penny stocks ready to squeeze? The post 4 Penny Stocks To Watch With High Short Interest In January 2023 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 01/27/2023
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3 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Headwinds
- The Zacks Retail Pharmacy and Drugstore industry players like CVS, WBA and RAD are likely to gain despite reimbursement challenges hurting the overall industry health.
- 01/24/2023
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Why Is Rite Aid (RAD) Down 7% Since Last Earnings Report?
- Rite Aid (RAD) reported earnings 30 days ago. What's next for the stock?
- 01/20/2023
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C-Suite Transitions: Rite Aid CEO Departs Abruptly
- Rite Aid Corporation is a name that is very familiar to arbitrageurs because of its history of failed mergers. Rite Aid recently announced that Heyward Donigan, the company's President and Chief Executive Officer, had stepped down, effective immediately.
- 01/12/2023
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Can Rite Aid (RAD) Get Back on Track Via Solid Growth Efforts?
- Rite Aid (RAD) is reeling under elevated expenses. Yet, online strength, led by expanded delivery services, increased non-COVID prescriptions, and cost-saving initiatives, are likely to aid.
- 01/12/2023
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Rite Aid announces Heyward Donigan exit, appointment of interim CEO
- Rite Aid experienced a leadership shakeup as the pharmacy change announce CEO Heyward Donigan's exit and the appointment of an interim chief executive.
- 01/09/2023
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Rite Aid CEO Departs and Ailing Drug Store Chain Names Interim Leader
- Rite Aid has appointed an interim CEO as the company deals with a “dynamic environment.” Elizabeth “Busy” Burr, a member of the company's board of directors, takes on the role effective immediately and replaces Heyward Donigan, who has left the company after serving as president and CEO since August 2019, Rite Aid said in a Monday (Jan.
- 01/09/2023
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Rite Aid names ex-Humana exec Elizabeth Burr as interim CEO
- Rite Aid Corp. RAD, +0.29% said Monday its board has named Elizabeth Burr, a former Humana Inc. HUM, +0.93% executive, as interim chief executive, replacing Heyward Donigan, who is leaving the role. Burr was previously vice president, head of health ventures and chief innovation officer at Humana.
- 01/09/2023
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Rite Aid CEO Donigan To Leave The Drugstore Chain
- Rite Aid said its chief executive officer Heyward Donigan is leaving the company, which has struggled to become profitable in her three-year reign.
- 01/09/2023
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Rite Aid (RAD) Q3 Loss Narrower Than Expected, Revenues Down
- Rite Aid's (RAD) Q3 results reflect the impacts of drab demand in flu immunizations and COVID-19 vaccines. Also, management updates its fiscal 2023 view.
- 12/22/2022
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Rite Aid stock plummets after disappointing third-quarter results
- Yahoo Finance Live anchors discuss why Rite Aid stock is tanking on Wednesday afternoon.
- 12/21/2022
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Rite Aid Not Ruling Out More Store Closures
- Rite Aid, which has already been closing unprofitable stores for the last year, may close even more, executives disclosed Wednesday.
- 12/21/2022
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Institutions Put Bottom In Rite Aid Shares
- Rite Aid Corporation is on the cusp of bottoming and may already have its lowest price, if the institutions start buying again the stock could double.
- 12/21/2022
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Why Rite Aid's Shares Dropped 17.3% on Wednesday
- Earnings left a lot to be desired.
- 12/21/2022
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Rite Aid Corporation (RAD) Q3 2023 Earnings Call Transcript
- Rite Aid Corporation (NYSE:RAD ) Q3 2023 Results Conference Call December 21, 2022 8:30 AM ET Company Participants Byron Purcell - Vice President, Investor Relations and Treasurer Heyward Donigan - President & Chief Executive Officer Matt Schroeder - Executive Vice President and Chief Financial Officer Andre Persaud - Executive Vice President and Chief Retail Officer Chris DuPaul - Chief Operating Officer, Elixir Conference Call Participants Elizabeth Anderson - Evercore ISI George Hill - Deutsche Bank Lisa Gill - JPMorgan William Reuter - Bank of America Carla Casella - JPMorgan Karru Martinson - Jefferies Operator Good morning. My name is Rob, and I will be your conference operator today.
- 12/21/2022
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Rite Aid shares tank 20% to an all-time low: explore why
- Rite Aid Corp (NYSE: RAD), on Wednesday, said its net loss nearly doubled on a year-over-year basis in its third financial quarter. Rite Aid shares down on weak guidance Shares tanked almost 20% this morning to their all-time low after the pharmacy chain lowered its full-year guidance for the third time.
- 12/21/2022
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Rite Aid stock advances on narrower-than-expected losses in Q3
- Yahoo Finance Live anchors discuss third-quarter earnings for Rite Aid.
- 12/21/2022
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Rite Aid (RAD) Reports Q3 Loss, Tops Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of 56.25% and 2.46%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?
- 12/21/2022
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Rite Aid Loss Hits $67 Million As Covid Shots And Testing Decline
- Rite Aid reported a quarterly loss of more than $67 million due in part to “a reduction in COVID vaccine and testing revenue.”
- 12/21/2022
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Rite Aid shares rally in premarket on narrower-than-expected loss and revenue beat
- Rite Aid Corp. RAD, +8.09% shares rose 7.7% in premarket trades after the pharmacy chain posted a narrower-than-expected loss and beat its revenue target. Rite Aid said its third-quarter loss widened to $67.14 million, or $1.23 a share, from a loss of $36.06 million, or 67 cents a share, in the year-ago quarter.
- 12/21/2022
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Earnings Previews: Carnival, Rite Aid
- At Monday's opening bell, stocks traded just slightly lower. Within an hour, the Nasdaq traded down by around 0.05%, the S&P 500 down less than 1%, and the Dow up about 0.3%.
- 12/19/2022
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Rite Aid to Release Third Quarter Results on December 21
- PHILADELPHIA--( BUSINESS WIRE )--Rite Aid Corporation (NYSE: RAD) will release financial results for its Fiscal 2023 Third Quarter, which ended Nov. 26, 2022, on Wednesday, December 21, 2022. The company will hold an analyst call at 8:30 a.m. ET with remarks by Rite Aid's management team. The call will be broadcast at https://investors.riteaid.com.
- 12/07/2022
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This Dividend Aristocrat's High Yield Looks Like a Safe Haven
- Investors shopping for income often begin by asking if a dividend, and particularly a high one, is sustainable. It's a logical and important question every investor should ask.
- 11/29/2022
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Rite Aid: Time For A Recovery Buy
- Rite Aid stock has cratered after a rollercoaster decade of mergers, headwinds and pharmacy revamps. It now seems to finally be on pace for a long awaited turnaround. With value being unlocked with its pharmacy benefits management programs (PBM), the company may be worth as much as 3 times its current valuation.
- 11/22/2022
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Why Rite Aid Stock Jumped by 15.6% Tuesday
- The pharmacy chain operator's shares hit their highest level in more than a month.
- 11/15/2022
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Rite Aid Corporation (RAD) Presents at Credit Suisse 31st Annual Healthcare Conference Transcript
- Rite Aid Corporation (NYSE:RAD ) Credit Suisse 31st Annual Healthcare Conference Call November 9, 0000 4:25 PM ET Company Participants Heyward Donigan - CEO Matt Schroeder - CFO Conference Call Participants Albert Rice - Credit Suisse Albert Rice Hi, everyone. I'm A.J. Rice, the Health Care Services Analyst at Credit Suisse.
- 11/13/2022
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Rite Aid President and CEO Heyward Donigan to Present at Credit Suisse 31st Annual Healthcare Conference
- PHILADELPHIA--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) announced today that President and CEO Heyward Donigan and CFO Matt Schroeder will present at the Credit Suisse 31st Annual Healthcare Conference in Rancho Palos Verdes, California, on November 9th at 4:25 p.m.
- 11/04/2022
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Why Rite Aid's Shares Jumped 15.3% on Tuesday
- The beleaguered drugstore company's shares got a shot in the arm from President Joe Biden.
- 10/25/2022
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3 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Challenges
- The Zacks Retail Pharmacy and Drugstore industry players like CVS, WBA and RAD are likely to gain from the growing demand for digital healthcare support. However, reimbursement challenges are hurting overall industry health.
- 10/21/2022
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Best Penny Stocks To Buy? 4 Short Squeeze Stocks To Watch Today
- Short interest penny stocks to watch right now. The post Best Penny Stocks To Buy?
- 10/18/2022
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Should You Buy Bio-Rad Laboratories Stock After Its 50% Fall This Year?
- Bio-Rad Laboratories stock (NYSE: BIO), a life science research and clinical diagnostic products company, has seen a 48% fall this year, significantly underperforming the broader S&P500 index, down 24%.
- 10/12/2022
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Rite Aid may place all store items in showcases due to theft in New York City
- Rite Aid is contemplating putting all store goods in showcases in New York City in an effort to curb retail theft, according to a report from Fox 5 New York.
- 10/06/2022
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Rite-Aid Sings a Familiar Tune That Investors Don't Want to Hear
- Will Rite Aid stock ever recover? Unless Rite Aid can improve its revenue, the best advice for investors may involve staying away from the stock.
- 10/05/2022
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Rite Aid exec: Impossible to stop NYC store thefts
- Rite Aid's chief retail officer addressed the difficulty facing the chain's NYC stories concerning shoplifting.
- 09/30/2022
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Rite Aid (RAD) Q2 Loss Wider Than Expected, Revenues Beat
- Rite Aid (RAD) posts lower Q2 revenues from the year-ago fiscal quarter's level due to sluggishness in both the Retail Pharmacy and Pharmacy Services segments.
- 09/29/2022
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Why Rite-Aid Stock Fell 28% on Thursday
- The company's retail decline was evident with an unimpressive quarterly report.
- 09/29/2022
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Why Rite Aid Stock Is Plunging Today
- The pharmacy retailer's latest quarterly update disappointed investors.
- 09/29/2022
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Why Are Retail Stocks WMT, TGT, COST Down Today?
- Source: Roman Tiraspolsky / Shutterstock.com Retail stocks are weathering a storm on Thursday that has many of them sinking below the waves. This comes as Hurricane Ian rolls through Florida, leaving devastation in its path.
- 09/29/2022
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Rite Aid stock dives on earnings miss, trimmed outlook
- Yahoo Finance Live anchors Julie Hyman, Brad Smith and Brian Sozzi discuss second-quarter earnings for Rite Aid.
- 09/29/2022
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Rite Aid Corporation's (RAD) Q2 2023 Earnings Call Transcript
- Rite Aid Corporation (NYSE:RAD ) Q2 2023 Earnings Conference Call September 29, 2022 8:30 AM ET Company Participants Byron Purcell - VP, IR & Treasurer Heyward Donigan - President & CEO Matt Schroeder - EVP & CFO Andre Persaud - EVP & CRO Chris DuPaul - COO, Elixir Conference Call Participants Elizabeth Anderson - Evercore ISI Lisa Gill - J.P. Morgan Chase George Hill - Deutsche Bank William Reuter - Bank of America Securities Karru Martinson - Jefferies Carla Casella - J.P.
- 09/29/2022
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Rite Aid stock crashed 30% on Thursday: this is why
- Rite Aid Corporation (NYSE: RAD) tanked nearly 30% on Thursday after the drugstore chain reported bigger than expected loss for its fiscal second quarter and lowered guidance for the full year. Rite Aid Q2 earnings snapshot Lost $331.3 million versus the year-ago figure of $100.3 million Per-share loss climbed significantly from $1.86 to $6.
- 09/29/2022
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Rite Aid (RAD) Stock Tumbles After Cutting Full-Year Guidance
- Source: Michael Gordon / Shutterstock.com Rite Aid (NYSE: RAD ) stock is falling on Thursday after the pharmacy company updated its guidance for the fiscal full year of 2023. That new guidance starts with the company expecting a net loss of $520.3 million to $477.3 million for the year.
- 09/29/2022
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Rite Aid Losses Hit $311 Million As Inflation Pressures Rise
- Rite Aid reported a quarterly loss of more than $300 million as fewer customers came to the drugstore for Covid-19 tests and vaccines.
- 09/29/2022
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Rite Aid (RAD) Reports Q2 Loss, Tops Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of -36.96% and 0.66%, respectively, for the quarter ended August 2022. Do the numbers hold clues to what lies ahead for the stock?
- 09/29/2022
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Rite Aid stock slides 11% premarket after company posts bigger-than-expected Q2 loss
- Rite Aid Corp. stock RAD, +7.16% slid 11% in premarket trade Thursday, after the pharmacy retail chain posted a wider-than-expected loss for its fiscal second quarter as it booked goodwill impairment charges on its pharmacy services segment as well as charges for higher facility exit and store closures. The company had a net loss of $331.3 million, or $6.07 a share.
- 09/29/2022
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Factors Likely to Decide Rite Aid's (RAD) Fate in Q2 Earnings
- Rite Aid's (RAD) Q2 performance is likely to have been hurt by low COVID vaccine and testing demand. Strength in PBM, digital expansion and higher non-COVID prescriptions are expected to have aided.
- 09/26/2022
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3 Stocks to Avoid This Week
- These investments seem pretty vulnerable right now.
- 09/26/2022
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Rite Aid to Release Second Quarter Results on September 29
- PHILADELPHIA--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) will release financial results for its Fiscal 2023 Second Quarter, which ended Aug. 27, 2022, on Thursday, Sept. 29. The company will hold an analyst call at 8:30 a.m. ET with remarks by Rite Aid's management team. The call will be broadcast at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. ET on Thursday, Sept. 29 through 11:59 p.m. ET on October 31. To access the replay of the call,
- 09/07/2022
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Could Rite Aid Be an Acquisition Target, Again?
- Drugstore operator Rite Aid Corporation (NYSE: RAD) stock is down (-38%) on the year but has bounced over 40% off its $4.68 low in May.
- 08/11/2022
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Rite Aid (RAD) Moves 7.9% Higher: Will This Strength Last?
- Rite Aid (RAD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 08/01/2022
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Why Rite Aid Stock Rallied on Friday
- The pharmacy chain could still be the target of activist investors.
- 07/29/2022
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Are Activists About to Turn Rite Aid (RAD) Stock Around?
- Source: Michael Gordon / Shutterstock.com Rite Aid (NYSE: RAD ) stock is heading higher on Friday as speculation about activist investors turning the company around spreads online. The latest talk suggests that management changes at the battered pharmacy chain could single involvement from activist investors.
- 07/29/2022
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Block Stock Traders Are Ignoring the Rite-Aid Collab, but Shouldn't
- Fear of falling tech stocks and crypto is deterring people from buying SQ stock, but savvy investors shouldn't ignore this opportunity. The post Block Stock Traders Are Ignoring the Rite-Aid Collab, but Shouldn't appeared first on InvestorPlace.
- 06/30/2022
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Amazon, Rite Aid cap purchase of ‘Plan B' emergency contraceptives due to demand
- NEW YORK — Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade.
- 06/29/2022
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Rite Aid (RAD) Q1 Loss Narrower Than Expected, Revenues Beat
- Rite Aid's (RAD) Q1 results gain from higher sales of non-COVID-19 prescriptions and continued momentum at Elixir. Management raises its revenue guidance for fiscal 2023.
- 06/24/2022
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Rite Aid CEO Heyward Donigan: We are back to our transformation plan
- Rite Aid CEO Heyward Donigan joins CNBC's 'Squawk Box' to break down the company's latest quarterly earnings report, which beat Wall Street's estimates.
- 06/24/2022
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Why Rite Aid Stock Soared on Thursday
- The pharmacy chain's earnings report was just what the doctor ordered.
- 06/23/2022
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q1 2023 Results - Earnings Call Transcript
- Rite Aid Corporation (NYSE:RAD ) Q1 2023 Results Conference Call June 23, 2022 8:30 AM ET Company Participants Byron Purcell - Investor Relations Heyward Donigan - President & CEO Matt Schroeder - EVP & CFO Andre Persaud - EVP & CRO, Elixir Chris DuPaul - COO, Elixir Conference Call Participants George Hill - Deutsche Bank Elizabeth Anderson - Evercore William Reuter - Bank of America Karru Martinson - Jefferies Jenna Giannelli - Goldman Sachs Carla Casella - JPMorgan Operator Good morning. My name is Regina, and I will be your conference operator today.
- 06/23/2022
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Rite Aid (RAD) Stock Pops on Q1 Revenue Beat
- Rite Aid (RAD) stock is running higher Thursday morning after the company revealed its earnings report for the fiscal first quarter of 2023. The post Rite Aid (RAD) Stock Pops on Q1 Revenue Beat appeared first on InvestorPlace.
- 06/23/2022
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Options Traders Target Rite Aid Stock After Beat-and-Raise
- Shares of Rite Aid Corporation (NYSE:RAD) were last seen 9.5% higher to trade at $7.35, following an upbeat first-quarter earnings report.
- 06/23/2022
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Rite Aid (RAD) Reports Q1 Loss, Tops Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of 14.29% and 5%, respectively, for the quarter ended May 2022. Do the numbers hold clues to what lies ahead for the stock?
- 06/23/2022
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Rite Aid reports a revenue beat, raises guidance
- Rite Aid Corp. RAD, +6.17% shares rose 4.8% in Thursday premarket trading after the pharmacy retailer reported first-quarter revenue that beat expectations and raised its full-year guidance. Net loss totaled $110.2 million, or $2.03 per share, after a loss of $13.1 million, or 24 cents per share, last year.
- 06/23/2022
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Earnings Previews: Darden Restaurants, KB Home, Rite Aid, Winnebago
- The three major U.S. equity indexes closed mixed Friday with the Dow Jones industrials closing down about 0.1%, while the S&P 500 closed up 0.2% and the Nasdaq closed up 1.4%.
- 06/21/2022
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What is Likely to Drive Rite Aid's (RAD) Earnings in Q1?
- Strong underlying business and robust digital and retail growth are expected to aid Rite Aid (RAD) in Q1. Its Retail Pharmacy segment is likely to be a key contributor despite supply headwinds.
- 06/20/2022
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3 Stocks to Avoid This Week
- These investments seem pretty vulnerable right now.
- 06/20/2022
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4 Stocks Reporting Earnings the Week of June 20
- Earnings season is winding down, but these companies still have to report results in coming days amid a difficult market environment. The post 4 Stocks Reporting Earnings the Week of June 20 appeared first on InvestorPlace.
- 06/16/2022
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Rite Aid Touts PBM, Other Assets Amid Buyout Rumblings
- Rite Aid's leadership team is highlighting the drugstore chain's growing pharmacy benefit management company amid buyout rumblings for the U.S. drugstore chain.
- 06/01/2022
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Rite Aid and its Bartell Drugs has COVID-19 boosters for 5-to-11 year olds available
- Rite Air Corp. RAD, -4.69% said Friday that the COVID-19 boosters for 5-to-11 year olds made by Pfizer Inc. PFE, +2.13% and BioNTech SE BNTX, -3.70% are available at its drug stores and at Bartell Drugs, which it owns. The booster for that age group was authorized by the Food and Drug Administration earlier this week, and the Centers for Disease Control and Prevention's Advisory Committee on Immunization Practices recommended Thursday in favor of kids that age group getting the booster five months after their second dose.
- 05/20/2022
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3 Red Flags for Rite Aid's Future
- There's a lot going wrong, and not much going right.
- 04/25/2022
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Recession Fears Are a Golden Opportunity for Deep Value Moonshots
- Wondering what you need to do about the possibility of a recession? Learn why Team Inc might be one of your best bets right now.
- 04/22/2022
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Is This Major Pharmacy Retailer in Danger of Going Out of Business?
- The company's financials aren't great -- but should investors be worried?
- 04/22/2022
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Why These Pharmacy Stocks Aren't a Good Option for Retirement Savings
- They're not as great as the arguments in favor might make it seem.
- 04/22/2022
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Rite Aid says rejected takeover bid 'was not credible'
- Rite Aid Corp. RAD, +10.81% gave further detail on the rejected takeover bid from private-equity firm Spear Point Capital Management, saying that the offer "was not credible and did not warrant further exploration." Spear Point had said it would pay $14.60 for each Rite Aid shares outstanding, according to the New York Post, a a 97.3% premium to Tuesday's closing price of $7.40.
- 04/21/2022
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What Caused Rite Aid Stock To Spike Today?
- Rite Aid Corp (NYSE: RAD) shares closed Wednesday's regular session up more than 11% following a report suggesting the company rejected an $815 million takeover bid earlier this month. According to a New York Post report, citing Spear Point Capital Management co-founder Ron.
- 04/20/2022
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Rite Aid's stock rockets after the New York Post reported it rejected a buyout bid at a hefty premium
- Shares of Rite Aid Corp. RAD, +13.78% rocketed as much as 38.5% intraday before paring gains to be up 18.7% in very active afternoon trading Wednesday, after the New York Post reported that the drugstore chain rejected earlier this month a buyout bid that valued the company at more than $800 million. Trading volume swelled to about 16 million share, compared with the full-day average of about 4.3 million shares.
- 04/20/2022
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Rite Aid rejected $800M takeover bid this month
- Rite Aid earlier this month quietly rejected a takeover bid that valued the drugstore chain at more than $800 million -- despite it being nearly twice the drugstore chain's current stock price, The Post has learned.
- 04/20/2022
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Rite Aid Stock is Getting Cheap Enough to Buy Here
- Drugstore operator Rite Aid Corporation (NYSE: RAD) stock has been pummeled since hitting a post-pandemic high of $32.48 on Jan. 28, 2021.
- 04/19/2022
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Best Stocks To Buy Right Now? 3 Health Care Stocks In Focus
- Health care stocks are making the rounds as the pandemic continues to pose challenges globally and high growth names lose steam.
- 04/15/2022
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q4 2022 Results - Earnings Call Transcript
- Rite Aid Corporation (NYSE:RAD ) Q4 2022 Earnings Conference Call April 14, 2022 8:30 AM ET Company Participants Byron Purcell - Investor Relations Heyward Donigan - President & CEO Matt Schroeder - EVP & CFO Andre Persaud - EVP & CRO, Elixir Chris DuPaul - COO, Elixir Conference Call Participants Michael Minchak - JPMorgan Elizabeth Anderson - Evercore ISI George Hill - Deutsche Bank Jenna Giannelli - Goldman Sachs William Reuter - BofA Securities Karru Martinson - Jefferies Carla Casella - JPMorgan Operator Good morning. My name is Rob, and I will be your conference operator today.
- 04/14/2022
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Rite Aid (RAD) Q4 Loss Wider Than Expected, Revenues Beat
- Rite Aid's (RAD) Q4 results gains from growth in the Retail Pharmacy unit. Also, management issued an upbeat fiscal 2023 view.
- 04/14/2022
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Why Rite Aid Stock Is Rebounding Today
- The company provided a better-than-expected outlook for fiscal 2023.
- 04/14/2022
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Rite Aid's Sunny Forecast Attracts Options Traders
- The shares of Rite Aid Corporation (NYSE:RAD) are surging this morning, last seen up 15.9% to trade at $8.68, after the pharmacy giant reported fiscal fourth-quarter results.
- 04/14/2022
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Why Is Rite Aid (RAD) Stock Up 10% Today?
- Rite Aid (RAD) stock is rising higher on Thursday thanks to the company's earnings report for the fourth quarter of fiscal 2022. The post Why Is Rite Aid (RAD) Stock Up 10% Today?
- 04/14/2022
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Rite Aid Expects More Closures Of ‘Unprofitable' Stores
- Rite Aid expects to close a total of 145 “unprofitable stores” in ongoing cost-cutting moves designed to help the pharmacy chain be more competitive.
- 04/14/2022
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Why Rite Aid Shares Are Soaring Today
- Rite Aid Corp (NYSE: RAD) has reported Q4 FY22 sales of 6.06 billion, +2.5% Y/Y, beating the consensus of $5.95 billion. The Company reported an EPS loss of $(1.63) compared to $(0.78) a year ago.
- 04/14/2022
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Rite Aid (RAD) Reports Q4 Loss, Tops Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of -185.96% and 2.02%, respectively, for the quarter ended February 2022. Do the numbers hold clues to what lies ahead for the stock?
- 04/14/2022
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Rite Aid stock opens 15% up on Thursday: what happened?
- Rite Aid Corporation stock (NYSE: RAD) opened more than 15% in premarket trading on Thursday after the pharmacy company reported strong revenue for its fiscal Q4 and gave better than expected guidance for the full year. Key takeaways from Rite Aid Q4 earnings report Net loss printed at $389.1 million versus the year ago figure […] The post Rite Aid stock opens 15% up on Thursday: what happened?
- 04/14/2022
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Rite Aid stock jumps after revenue beat and guidance ahead of Street expectations
- Rite Aid Corp. RAD, +2.60% shares rose 6.8% in Thursday premarket trading after it reported fourth-quarter revenue that beat consensus and gave guidance ahead of Street expectations. The pharmacy retailer posted a net loss of $389.1 million, or $7.18 per share, after a loss of $18.5 million, or 34 cents per share, last year.
- 04/14/2022
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Earnings Previews: Rite Aid, Taiwan Semiconductor, UnitedHealth
- While there were a few interesting earnings reports out Tuesday morning, all eyes were focused on the U.S.
- 04/12/2022
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Factors Likely to Decide Rite Aid's (RAD) Fate in Q4 Earnings
- Rite Aid (RAD) is likely to have gained from strength in PBM, RxEvolution strategy and delivery services in Q4. Rising wage costs and higher payroll expenses are likely to have been concerns.
- 04/12/2022
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Rite Aid (RAD) Stock Jumps 7.4%: Will It Continue to Soar?
- Rite Aid (RAD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 04/11/2022
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Rite Aid might fail to ‘continue as an operating company'
- Rite Aid Corp (NYSE: RAD) is down 25% in the stock market on Thursday after a Deutsche Bank analyst said the drugstore chain might fail to continue as an “operating company”. George Hill has $1.0 a share price target George Hill downgraded the stock this morning to “sell” with a price target of $1.0 a […] The post Rite Aid might fail to ‘continue as an operating company' appeared first on Invezz.
- 04/07/2022
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Beyond Meat to begin selling at 2,000 Rite Aid locations
- Beyond Meat Inc. BYND, -1.19% announced Thursday that Beyond Meatballs and the Beyond Burger product will be available at about 2,000 Rite Aid Corp. RAD, -21.39% locations around the country. The pharmacy retailer is the latest addition to a long list of restaurant chains and retailers that carry the plant-based meat company's products.
- 04/07/2022
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Rite Aid stock tumbles after Deutsche Bank issues downgrade, alarming note
- Yahoo Finance Live's Julie Hyman and Brian Sozzi discuss Rite Aid shares after Deutsche Bank downgraded the stock.
- 04/07/2022
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Rite Aid plummets 25% after Deutsche Bank slashes price target to $1 as COVID-19 'hastens the decline' of the company's retail pharmacy business
- Deutsche Bank said Rite Aid's upcoming 2023 guidance for annual adjusted EBITDA may be unattainable.
- 04/07/2022
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Why Rite Aid Stock Is Crashing Today
- An analyst gave a bleak outlook for the pharmacy stock.
- 04/07/2022
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Why One Analyst Thinks Rite Aid (RAD) Stock Is Headed to $1
- A Wall Street downgrade has Rite Aid plunging into the red. Here's what investors need to know about the future of RAD stock.
- 04/07/2022
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Rite Aid Stock Rattled After Analyst Cuts Price Target to $1
- Rite Aid Corporation (NYSE:RAD) stock is crumbling today, down 17.9% to trade at $6.93, after a downgrade from Deutsche Bank to "sell" from "hold," with a price-target cut to $1 from $16.
- 04/07/2022
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Deutsche Bank Sees Potential 'Dramatic Negative Inflection Point' For Rite Aid
- Ahead of the Company's fiscal Q4 results on April 14, Deutsche Bank downgraded Rite Aid Corporation (NYSE: RAD) to Sell from Hold with a price target of $1, down from $16. Analyst George Hill believes COVID has "hastened the decline" for the Company, and he sees the.
- 04/07/2022
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Why Rite Aid Shares Are Falling Today
- Rite Aid Corp (NYSE: RAD) shares are trading significantly lower Thursday after Deutsche Bank analyst George Hill downgraded the stock from a Hold rating to a Sell rating and lowered the price target from $16 to $1. According to reports, Hill believes Rite Aid is in decline and.
- 04/07/2022
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The Ratings Game: Rite Aid stock plunges after Deutsche Bank cuts target to $1, warns of a ‘dramatic negative inflection point'
- Shares of Rite Aid Corp. plunged toward a 2 1/2-year low Thursday, after Deutsche Bank analyst George Hill issued a dire warning that the drugstore chain's equity could be worthless.
- 04/07/2022
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3 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Headwinds
- The Zacks Retail Pharmacy and Drugstore industry is gaining from the growing demand for digital healthcare support. Industry players like CVS, WBA and RAD are likely to gain the most.
- 03/21/2022
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Rite Aid to Release Fourth Quarter Results on April 14
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2022 Fourth Quarter, which ended February 26, 2022, on Thursday, April 14, 2022. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid's management team. The call will be broadcast via the Internet at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. Eastern Time on Thursday, April 14, 20
- 03/17/2022
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Rite Aid Shakes Up Management, Eliminates COO Position
- Rite Aid eliminated its chief operating officer position and consolidated pharmacy roles to “streamline operations.”
- 03/08/2022
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Rite Aid eliminates COO position as part of management realignment
- Shares of Rite Aid Corp. RAD, -1.42% were indicated up nearly 1% in premarket trading Tuesday, after the drug store chain announced a realignment of its management team that includes the elimination of the chief operating officer (COO) position and consolidation of leadership of its pharmacy business. As part of the realignment, COO Jim Peters and Chief Pharmacy Officer Jocelyn Konrad have left the company, after both were in their roles since October 2019.
- 03/08/2022
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Here's Why You Should Invest in Bio-Rad (BIO) Stock Now
- Investors are optimistic about Bio-Rad (BIO) on solid recovery in most of its key global markets as well as an uptick in demand for COVID-related products.
- 03/07/2022
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Is the Pharmacy Dying?
- Pharmacy chains may be shuttering locations, but that's not necessarily a reason to panic.
- 02/23/2022
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Rite Aid (RAD) Dips 21.6% in Three Months: Can It Bounce Back?
- Despite cost headwinds, strength in online services and the PBM market will likely aid Rite Aid (RAD) in the times ahead.
- 02/16/2022
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Here's Why You Should Retain Bio-Rad (BIO) Stock for Now
- Investors are optimistic about Bio-Rad's (BIO) strong growth within Life Science and Clinical Diagnostics segments across all regions.
- 02/08/2022
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Rite Aid denies claims that NYC store closures leading to job loss amid high-profile NYC robberies
- A spate of high-profile robberies at New York City Rite Aid locations has highlighted store closures in the area, but the pharmacy and retail giant is pushing back against the notion that its workers are being left without jobs – or that its shops are shuttering only as a result of organized retail theft.
- 01/31/2022
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Rite Aid (RAD) Down 16.1% Since Last Earnings Report: Can It Rebound?
- Rite Aid (RAD) reported earnings 30 days ago. What's next for the stock?
- 01/20/2022
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Solid Demand & Other Efforts Aid Rite Aid (RAD) Amid Cost Woes
- Although high costs and a drab view remain concerning, Rite Aid (RAD) looks well-positioned on robust demand, enhanced omni-channel capabilities and strength in PBM.
- 01/10/2022
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Here's Why You Should Invest in Bio-Rad (BIO) Stock Now
- Investors are optimistic about Bio-Rad (BIO) owing to robust segmental performances and a rebound in non-COVID businesses.
- 12/28/2021
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Rite Aid May Form Even Closer Ties With Prime Therapeutics PBM
- Rite Aid may form closer ties with the pharmacy benefit manager Prime Therapeutics, which is owned by Blue Cross and Blue Shield plans.
- 12/23/2021
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Rite Aid (RAD) Q3 Earnings Beat Estimates, Revenues Lag
- Increased demand for COVID-19 vaccination and testing, and growth in the Retail Pharmacy unit aid Rite Aid's (RAD) Q3 results.
- 12/22/2021
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Rite Aid says it plans to shut 63 stores — and will likely find even more to close in the coming months
- Rite Aid CEO Heyward Donigan said he plans to move away from traditional in-store pharmacies, and instead to mail order and digital retail markets.
- 12/21/2021
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Why Rite Aid Stock Rocketed Today
- Surging COVID-19 testing and fewer stores could mean more profits for investors.
- 12/21/2021
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q3 2022 Results - Earnings Call Transcript
- Rite Aid Corporation (RAD) CEO Heyward Donigan on Q3 2022 Results - Earnings Call Transcript
- 12/21/2021
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Rite Aid Shares Soar as Chain Announces Store Closure Plan
- Rite Aid Corporation shares were up almost 20% early on Tuesday (Dec. 21) after the company announced it has kicked off a plan to close at least 63 stores across the U.S., a move focused on reducing costs and increasing profitability as much as $25 million. The company's review of its operations is ongoing and […]
- 12/21/2021
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Why Rite Aid Shares Are Ripping Higher Today
- Rite Aid Corp (NYSE: RAD) is trading higher Tuesday after the company announced its fiscal third-quarter 2022 earnings results and issued guidance above estimates. Rite Aid reported quarterly adjusted earnings of 15 cents per share, which may not compare to estimates for a loss of 14 cents per share.
- 12/21/2021
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Rite Aid is closing more than 60 stores
- Rite Aid announced Tuesday it is closing another 63 stores to save about $25 million year.
- 12/21/2021
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Rite Aid stock rises on surprise positive earnings report
- Yahoo Finance Live's Brian Sozzi and Julie Hyman look at Rite Aid's shares rising on a surprise earnings beat after analysts expected losses.
- 12/21/2021
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Rite Aid (RAD) Q3 Earnings Surpass Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of 183.33% and 0.83%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock?
- 12/21/2021
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Rite Aid Q3 Sales Miss Street View; Reveals Store Closure Plan
- Rite Aid Corp (NYSE: RAD) has reported Q3 FY22 adjusted EPS of $0.15, compared to $0.40 a year ago, but a turnaround from a loss of $(0.41) per share in Q2 FY22. Earnings: Revenues increased 1.8% Y/Y to $6.23 billion, missing the estimate of $6.32 billion.
- 12/21/2021
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Drugstore chain Rite Aid to close at least 63 stores in the coming months
- Drugstore chain Rite Aid said Tuesday it plans to shutter at least 63 stores as it reassesses how many locations it needs in the United States.
- 12/21/2021
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Rite Aid To Close More Than 60 Stores
- Rite Aid said it will close 63 stores in a cost-cutting move designed to save money and help the chain be more competitive.
- 12/21/2021
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Rite Aid stock jumps after surprise adjusted profit, store closures announced
- Rite Aid Corp. RAD, +2.90% shares rose 2.4% in Tuesday premarket trading after the pharmacy retailer reported a surprise third-quarter adjusted profit and announced dozens of store closures. Net loss totaled $36.1 million, or 67 cents per share, after net income of $4.3 million, or 8 cents per share, last year.
- 12/21/2021
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5 Companies That Could Beat Earnings Estimates This Week: Rite Aid, BlackBerry And More
- The shortened holiday week will see less public offerings and earnings from public companies. The week can still bring plenty of trading opportunities with headlines and catalysts.
- 12/20/2021
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Struggling Rite Aid Stock Lower Before Earnings
- The shares of drugstore chain Rite Aid Corporation (NYSE:RAD) are down 2.2% to trade at $11.80 this afternoon, just ahead of the company's third-quarter earnings report -- due out before the open tomorrow.
- 12/20/2021
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Earnings Preview: General Mills, Micron, Nike, Rite Aid
- Four companies we have previewed reported quarterly results after markets closed Thursday or before they opened on Friday.
- 12/17/2021
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Factors Likely to Influence Rite Aid (RAD) in Q3 Earnings
- Rite Aid (RAD) is likely to have gained from strength in PBM, RxEvolution strategy and delivery services in Q3. Rising wage costs and drab front-end same-store sales are likely to have been concerns.
- 12/16/2021
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Analysts Estimate Rite Aid (RAD) to Report a Decline in Earnings: What to Look Out for
- Rite Aid (RAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 12/14/2021
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Is the Options Market Predicting a Spike in Rite Aid (RAD) Stock?
- Investors need to pay close attention to Rite Aid (RAD) stock based on the movements in the options market lately.
- 12/08/2021
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Is Bio-Rad Laboratories (BIO) Stock Outpacing Its Medical Peers This Year?
- Here is how Bio-Rad Laboratories (BIO) and Fullgent Genetics (FLGT) have performed compared to their sector so far this year.
- 12/08/2021
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Rite Aid to Release Third Quarter Results on December 21
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2022 Third Quarter, which ended Nov. 27, 2021, on Tuesday, Dec. 21, 2021. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid's management team. The call will be broadcast via the Internet at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. Eastern Time on Tuesday, Dec. 21, 2021 and en
- 12/07/2021
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Here's Why You Should Invest in Bio-Rad (BIO) Stock Now
- Investors are optimistic about Bio-Rad (BIO) on strength in its key product lines and raised 2021 guidance.
- 11/25/2021
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Rite Aid (RAD) Stock Dips 13% YTD: Can It Get Back on Track?
- Strength in online services and the PBM market will likely aid Rite Aid (RAD) in the times ahead. However, higher costs related to the Bartell acquisition and COVID-19 vaccines remain concerning.
- 11/11/2021
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2 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Headwinds
- The Zacks Retail Pharmacy and Drugstore industry is gaining from the growing demand for digital healthcare support. Industry players like CVS and RAD are likely to gain the most.
- 11/11/2021
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Rite Aid to Present at the 30th Annual Credit Suisse Healthcare Conference
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) announced today that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the 30th Annual Credit Suisse Healthcare Conference on Wednesday, Nov. 10th at approximately 9:40 a.m. ET. The conference is a virtual event. The appearance will be broadcast via the Internet a
- 10/28/2021
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Here's Why You Should Retain Bio-Rad (BIO) Stock For Now
- Investors are optimistic about Bio-Rad (BIO) on solid international market performance and raised 2021 guidance.
- 10/20/2021
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Rite Aid Statement on CDC Recommendation Regarding COVID-19 Vaccine “Boosters”
- PHILADELPHIA--(BUSINESS WIRE)--Today the Centers for Disease Control and Prevention (CDC) concurred with previous recommendations made by the Food and Drug Administration (FDA) and the Advisory Committee on Immunization Practices (ACIP), officially recommending “booster” doses of the Pfizer-BioNTech COVID-19 vaccine for certain eligible populations at least 6 months after the second dose of the Pfizer-BioNTech COVID-19 vaccine. As a proud partner in the Federal Retail Pharmacy Program, Rite Aid
- 09/24/2021
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Rite Aid On-Demand Delivery Goes National with Uber Eats
- Rite Aid on Friday (Sept. 24) broadened its partnership with Uber Technologies, Inc., and is now offering delivery of healthcare items, groceries and Rite Aid products through the Uber Eats platform from 2,185 Rite Aid locations across the U.S. in 17 states.
- 09/24/2021
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Rite Aid (RAD) Q2 Loss Narrower Than Expected, Revenues Miss
- Despite high costs, Rite Aid's (RAD) fiscal second-quarter results have been aided by increased demand as well as strength in Elixir and the Retail Pharmacy unit.
- 09/24/2021
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Rite Aid Partners With Uber Eats to Expand On-Demand Delivery Nationwide
- PHILADELPHIA--(BUSINESS WIRE)--Today, Rite Aid (NYSE: RAD) announced the expansion of their partnership with Uber Technologies, Inc. (NYSE: UBER) to offer delivery of Rite Aid products nationwide through Uber Eats. This partnership will allow customers to conveniently order and receive essential healthcare and grocery items directly to their homes. On-demand delivery is now available for 2,185 Rite Aid locations across 17 states on Uber Eats. Customers who wish to order Rite Aid items for deliv
- 09/24/2021
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q2 2022 Results - Earnings Call Transcript
- Rite Aid Corporation (RAD) CEO Heyward Donigan on Q2 2022 Results - Earnings Call Transcript
- 09/23/2021
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Rite Aid Touts Importance of Pharmacists in Business Growth
- Rite Aid is pointing to pharmaceuticals and its pharmacists as the key to growing and transforming its business, though bigger competitors whose strategies are more developed may put some speed bumps along that road. CEO Heyward Donigan, who just celebrated two years with the company, told analysts and investors on a conference call that Rite […]
- 09/23/2021
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Rite Aid Shares Crumble After Expecting Wider Annual Net Loss For Fiscal 2022
- Rite Aid Corporation (NYSE: RAD) has reported Q2 FY22 adjusted net loss of ($0.41) per share, compared to an income of $0.25 a year ago, but beating the consensus of $(0.48). Earnings: Revenues increased 2.2% Y/Y to $6.11 billion, missing the estimate of $6.21 billion.
- 09/23/2021
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Rite Aid (RAD) Reports Q2 Loss, Misses Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of 2.38% and -2.13%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?
- 09/23/2021
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Rite Aid reports narrower-than-expected loss, but revenue misses and full-year loss outlook widens
- Shares of Rite Aid Corp. RAD, +1.06% edged up 0.7% in premarket trading Thursday, after the drugstore chain reported a narrower-than-expected fiscal second-quarter loss, citing "strong execution" of COVID-19 vaccine administration, even as revenue came up short and the full-year loss outlook was widened. The net loss for the quarter to Aug. 28 widened to $100.3 million, or $1.86 a share, from $13.2 million, or 25 cents a share, in the year-ago period, citing higher litigation settlements, higher loss on sale of assets and a loss on debt modifications.
- 09/23/2021
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Earnings Previews: BlackBerry, Rite Aid
- The first earnings reports we have covered for this week are coming after Tuesday's closing bell and before Wednesday's open: Adobe, FedEx, General Mills and Stitch Fix.
- 09/21/2021
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Rite Aid (RAD) to Report Q2 Earnings: What Should You Know?
- Rite Aid (RAD) is likely to have gained from PBM, RxEvolution strategy and expanded omnichannel services in Q2. Rising wage costs and drab front-end same-store sales are likely to have been concerns.
- 09/20/2021
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Today's Stock Market News & Events: 9/20/2021
- Wall Street can expect a busy start to the latter part of September as this week is packed full of economic data.
- 09/20/2021
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Earnings Preview: Rite Aid (RAD) Q2 Earnings Expected to Decline
- Rite Aid (RAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 09/16/2021
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Lance Neill Joins Elixir as New Chief Operating Officer
- CAMP HILL, Pa.--(BUSINESS WIRE)--Elixir, a wholly owned subsidiary of Rite Aid (NYSE: RAD) that provides pharmacy benefits and services, today announced that veteran healthcare and pharmacy executive Lance Neill has joined the company as chief operating officer. Neill was most recently vice president of network development and contracting for Centene's portfolio of managed care products, representing $32 billion in annual pharmacy spend. Prior to that, he served in multiple senior leadership ro
- 09/07/2021
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Rite Aid to Release Second Quarter Results on September 23
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE:RAD) said today that it will release financial results for its Fiscal 2022 Second Quarter, which ended Aug. 28, 2021, on Thursday, Sept. 23, 2021. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid's management team. The call will be broadcast via the Internet at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. Eastern Time on Thursday, Sept. 23, 2021 an
- 09/03/2021
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Surging Earnings Estimates Signal Upside for Bio-Rad (BIO) Stock
- Bio-Rad (BIO) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 08/11/2021
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Shipt, Rite Aid Announce Same-Day Delivery Partnership
- BIRMINGHAM, Ala., Aug. 5, 2021 /PRNewswire/ -- Same-day delivery service Shipt and Rite Aid (NYSE: RAD) today announced a partnership to bring same-day delivery of health and wellness products to Rite Aid's retail footprint across 17 states.
- 08/05/2021
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Why Rite Aid Stock Is Climbing This Week
- Shares of the drugstore chain gained on what looked like a short squeeze.
- 07/22/2021
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What's Next For Bio-Rad Laboratories Stock After A 10% Rise In A Month?
- The stock price of Bio-Rad Laboratories, a life science research and clinical diagnostic products company, has seen a 10% rise over the last twenty-one trading days, while it is up 30% over the last year, driven by positive developments for the company. Last month, Bio-Rad announced its partnership.
- 07/20/2021
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New Strong Sell Stocks for July 8th
- CLPR, IONS, RAD, TFFP, and VNCE have been added to the Zacks Rank #5 (Strong Sell) List on July 8, 2021
- 07/08/2021
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Bear of the Day: Rite Aid (RAD)
- Bear of the Day: Rite Aid (RAD)
- 07/07/2021
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New Strong Sell Stocks for July 6th
- DXCM, GP, PHR, RAD, and MAXR have been added to the Zacks Rank #5 (Strong Sell) List on July 6, 2021
- 07/06/2021
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3 Earnings Reports to Watch Next Week
- A diverse collection of companies are have their earnings reports next week, which should provide insights into the economic reopening. The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
- 07/02/2021
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Placer.ai: Rite Aid could see ‘signficant' benefits from recent momentum
- The retail sector was among the hardest hit by the COVID-19 pandemic, but one subsection emerged relatively unscathed: pharmacies. According to a report from foot traffic analytics firm Placer.ai, the pharmacy sector is now showing strong growth.
- 07/01/2021
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New York Takes Drugmakers, Drug Retailers To Legal Trial Over Opioid
- Teva Pharmaceutical Industries Ltd (NYSE: TEVA), Endo International Plc (NASDAQ: ENDP), and AbbVie Inc's (NYSE: ABBV) Allergan misleadingly marketed opioid drugs as having a low addiction risk, a lawyer for a New York county told jurors, urging them to hold the companies liable. Jayne Conroy, representing Suffolk County, also said that the drug distributors - AmerisourceBergen Corp (NYSE: ABC), Cardinal Health Inc (NYSE: CAH), and McKesson Corp (NYSE: MCK) failed to report suspicious opioid orders as required.
- 06/29/2021
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Rite Aid stock slumps 18% for the week as weak outlook, diminished vaccine tailwind drive JPMorgan downgrade
- Rite Aid Corp. stock sank 5.7% in Friday trading after the stock was downgraded to underweight from neutral at JPMorgan. Analysts slashed their price target to $12 from $21.
- 06/25/2021
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Rite Aid's (RAD) Q1 Earnings Beat Estimates, Sales Miss
- Rite Aid's (RAD) Q1 results gain from accelerated vaccinations, the RxEvolution strategy and robust online growth.
- 06/25/2021
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Why Rite Aid Is Sinking This Week
- The company's latest guidance left much to be desired, to put it mildly.
- 06/24/2021
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q1 2022 Results - Earnings Call Transcript
- Rite Aid Corporation (RAD) CEO Heyward Donigan on Q1 2022 Results - Earnings Call Transcript
- 06/24/2021
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Should you buy Rite Aid after the earnings beat?
- Rite Aid Corp (NYSE:RAD) shares plunged 13% Thursday morning after the company's most recent quarterly report. RAD reported earnings the beat expectations on Thursday morning, but revenues came short of estimates.
- 06/24/2021
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Rite Aid shares plummet; CEO cites Covid uncertainty for drug store chain's cautious outlook
- Shares of Rite Aid sank roughly 14% on Thursday, as Wall Street digested mixed quarterly results and weaker earnings guidance.
- 06/24/2021
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Why Rite Aid Stock Is Plunging Today
- Investors don't like the company's first-quarter update.
- 06/24/2021
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Rite Aid CEO plays defence on CNBC as stock falls 12%
- Rite Aid Corp. (NYSE: RAD) said on Thursday its revenue in the fiscal first quarter came in weaker than expected, attributed to the pharmacy services business. Its Q1 profit, however, topped Wall Street estimates.
- 06/24/2021
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Rite Aid's Retail Pharmacy Business Drives Revenue Growth
- Rite Aid, which has more than 2,500 retail pharmacy locations throughout 17 states, reported that revenues from continuing operations climbed by 2.2 percent to $6.16 billion. For the three months ending May 29, 2021, the retailer said that the rise in revenues was fueled by growth in its retail pharmacy segment that was offset, in part, […]
- 06/24/2021
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New Strong Sell Stocks for June 24th
- RAD, WTRH, BNR, NMR, and VNCE have been added to the Zacks Rank #5 (Strong Sell) List on June 24, 2021
- 06/24/2021
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Covid-19 Vaccines Boost Rite Aid Sales
- Rite Aid administered 4.7 million vaccines against Covid-19 in the company's first quarter, boosting sales.
- 06/24/2021
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Rite Aid CEO on mixed Q1 2022 results, sustainability goals
- Rite Aid's adjusted earnings for Q1 2022 came in at $0.38 per share, beating the consensus estimate of $0.22. Revenue came in slightly below Wall Street forecasts.
- 06/24/2021
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Recap: Rite Aid Q1 Earnings
- Shares of Rite Aid (NYSE:RAD) moved higher by 2.4% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 1050.00% over the past year to $0.38, which beat the estimate of $0.22.
- 06/24/2021
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Rite Aid's stock sinks after profit beats, but revenue comes up shy
- Shares of Rite Aid Corp. sank 5.5% in premarket trading Thursday, after the drugstore chain beat fiscal first-quarter profit expectations but came up shy on revenue, amid weakness in the pharmacy services business, while also providing a mixed full-year outlook. The net loss for the quarter to May 29 narrowed to $13.1 million, or 24 cents a share, from $63.5 million, or $1.19 a share, in the year-ago period.
- 06/24/2021
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Rite Aid Releases Third Annual Corporate Sustainability Report
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today published its third annual corporate sustainability report, detailing the company's enhanced Environmental, Social and Governance (ESG) strategy. The report introduces four key pillars underpinning Rite Aid's sustainability efforts: building a thriving planet, thriving business, thriving workplace and thriving community. “As a healthcare organization that aspires to support the whole health of its communities, we understand the critica
- 06/24/2021
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Buy Rite Aid And Bet On Revenues Rebounding
- Buy Rite Aid And Bet On Revenues Rebounding
- 06/21/2021
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Factors Likely to Influence Rite Aid's (RAD) Q1 Earnings
- Strength in PBM and Elixir and expanded omnichannel services are likely to have aided Rite Aid (RAD) in Q1. However, rising pandemic costs and low testing demand are likely to have been worrisome.
- 06/18/2021
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Rite Aid (RAD) Reports Next Week: Wall Street Expects Earnings Growth
- Rite Aid (RAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 06/17/2021
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Rite Aid Promotes Andre Persaud to Chief Retail Officer
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced that Andre Persaud has been named chief retail officer. Persaud was appointed executive vice president, retail for Rite Aid in February 2020 and assumed responsibility for orchestrating new in-store experiences and retail operations processes in line with the company's RxEvolution strategy. “Andre has not only proven an effective leader for our retail organization, but also provides a strategic and steady leadership voice in
- 06/14/2021
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Rite Aid to Release First Quarter Results on June 24
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Fiscal 2022 First Quarter, which ended May 29, 2021, on Thursday, June 24, 2021. The company will hold an analyst call at 8:30 a.m. Eastern Time with remarks by Rite Aid's management team. The call will be broadcast via the Internet at https://investors.riteaid.com. The telephone replay will be available beginning at 12:00 p.m. Eastern Time on Thursday, June 24, 2021 and e
- 06/10/2021
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Rite Aid Stock Keeps Churning in a Tight Channel
- Drugstore chain Rite Aid Corporation (NYSE:RAD) is the largest chain on the East Coast and the third largest in the U.S. The stock is up 32.2% in 2021, with its 320-day moving average serving as a stable floor since April.
- 06/04/2021
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Pharmacy stocks tumble on report Amazon is weighing a push into physical pharmacies (AMZN, CVS, RAD, WAG, CAH, MCK, ABC)
- Shares of drug retailers including Walgreens Boots Alliance and CVS dropped on Wednesday, as Amazon was reported to be looking at options to set up physical pharmacy locations in the US. Talks at Amazon about setting up standalone pharmacies are mostly exploratory and there are no firm plans to open physical locations, three people familiar with the matter told Insider. Such a move would be part of a plan by the online retail behemoth to earn a larger share of the country's $370 billion prescription drug market.
- 05/26/2021
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COVID-19 Vaccine Age Eligibility Expands at All Rite Aid Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is administering COVID-19 vaccines to anyone 12 or older at all locations offering the Pfizer vaccine, following the latest guidance from the Centers for Disease Control and Prevention (CDC). Guardians for individuals under 18 can now schedule appointments using the Rite Aid scheduling tool found at www.RiteAid.com/covid-19. Those ages 12 through 17 are only authorized to be vaccinated with the Pfizer vaccine, per CDC guid
- 05/12/2021
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COVID-19 Vaccine Age Eligibilty Expands at All Rite Aid Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is administering COVID-19 vaccines to anyone 12 or older at all locations offering the Pfizer vaccine, following the latest guidance from the Centers for Disease Control and Prevention (CDC). Guardians for individuals under 18 can now schedule appointments using the Rite Aid scheduling tool found at www.RiteAid.com/covid-19. Those ages 12 through 17 are only authorized to be vaccinated with the Pfizer vaccine, per CDC guid
- 05/12/2021
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DoorDash Partners With Rite Aid For Same-Day Delivery
- Delivery platform Instacart is teaming up with convenience pharmaceutical company Rite Aid for delivery of everyday needs in as little as two hours, according to a Tuesday (May 11) press release. “Amidst the pandemic, we accelerated our momentum into new categories to address consumers' heightened needs for access to everyday health and wellness essentials,” said Fuad […]
- 05/11/2021
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Rite Aid partners with DoorDash for non-prescription deliveries
- Rite Aid Corp. said Tuesday that it has partnered with DoorDash Inc. to provide delivery service for non-prescription items such as cleaning products, over-the-counter medicines and grocery items. The service will be available at 2,100 Rite Aid locations across 17 states, with more than 24,000 items available via the Rite Aid app.
- 05/11/2021
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Rite Aid Expands Covid-19 Vaccine Access To All Drugstore Location
- Rite Aid is the latest retailer to expand U.S. availability of Covid-19 vaccines, offering them at all locations.
- 04/30/2021
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COVID-19 Vaccines Now Available at All Rite Aid Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced it is now administering the COVID-19 vaccine at all locations, spanning more than 2,500 stores in 17 states. Following the latest guidance from the Biden Administration, all those aged 16 years or older are now eligible for vaccination, and Rite Aid encourages everyone to schedule an appointment as soon as possible. While scheduling appointments in advance is recommended to reduce wait time and guarantee availability of the v
- 04/30/2021
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Rite Aid says mask-wearing due to COVID-19 drove down cold- and flu-related sales by 37%
- Walgreens said it also took a hit from a lackluster cold and flu season as well
- 04/19/2021
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Rite Aid's (RAD) Q4 Loss Narrower Than Expected, Sales Beat
- Rite Aid's (RAD) Q4 results gain from RxEvolution strategy, strength in Elixir brand and robust online growth. However, COVID-related costs woes and lesser cases of cough, cold and flu are concerns.
- 04/16/2021
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Rite Aid Corporation (RAD) CEO Rite Aid Corporation on Q4 2021 Results - Earnings Call Transcript
- Rite Aid Corporation (RAD) CEO Rite Aid Corporation on Q4 2021 Results - Earnings Call Transcript
- 04/15/2021
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Soft Cold And Flu Season Drives $18.5 Million Loss For Rite Aid
- The pandemic is a two-sided coin for the pharmacy and drug store category. Consumers needed more preventative health products, but they also took better care of themselves.
- 04/15/2021
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Rite Aid reports narrower losses, sales beat
- Rite Aid Corp. shares rose 1.3% in Thursday premarket trading after the pharmacy retailer reported a fourth-quarter sales beat. Net losses totaled $18.5 million, or 34 cents per share, after a loss of $324.7 million, or $6.08 per share, last year.
- 04/15/2021
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Recap: Rite Aid Q4 Earnings
- Shares of Rite Aid (NYSE:RAD) fell 0.4% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 110.81% year over year to ($0.78), which missed the estimate of ($0.76).
- 04/15/2021
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Earnings Previews: Delta Air Lines, PepsiCo, Rite Aid and More
- The first big week of the new earnings season continues with several big companies reporting earnings before Thursday's opening bell.
- 04/13/2021
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Factors Likely to Influence Rite Aid's (RAD) Q4 Earnings
- Solid performance in PBM and Elixir along with expanded omnichannel services is expected to have aided Rite Aid's (RAD) Q4 revenues. However, COVID-19 woes remain concerns.
- 04/12/2021
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Rite Aid Remains On Track Despite Projected Q4 EBITDA Miss
- Deutsche Bank raises price target on RAD to $27. US government increases vaccine reimbursement from $28 to $40 per dose.
- 04/07/2021
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A Look at What's Going on With RH, KB Home, and Rite Aid
- We start with the good news from RH.
- 04/01/2021
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Why Rite Aid Stock Plunged Today
- Social distancing has dampened demand for cold and flu medicine.
- 03/25/2021
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Esports, Netflix, Rite Aid, Vail, Walgreens and More Thursday Afternoon Analyst Calls
- With the trading day more than halfway over, the broad markets were trading sideways. The Dow Jones industrial average and S&P 500 were each more or less flat on the day, while the Nasdaq was lagging yet again.
- 03/25/2021
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RAD Stock Price Falls Over 15% Pre-Market: Why It Happened
- The stock price of Rite Aid Corporation (NYSE: RAD) fell by over 15% pre-market. This is why it happened.
- 03/25/2021
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Rite Aid: ‘Soft Cough, Cold And Flu Season' Triggers Bigger Annual Loss Than Expected
- Rite Aid warned of a soft cold and flu season that's going to hit the company's bottom line worse than expected for its fiscal 2021.
- 03/24/2021
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Rite Aid stock down 18% after lower 2021 guidance on 'soft' flu season
- Shares of Rite Aid Corp. fell more than 18% in the extended session Wednesday after the drugstore chain lowered its guidance for fiscal 2021, saying its bottom line was "significantly" hampered by a "soft" cold and flu season, the ongoing pandemic, and "challenging" weather. Same-store sales fell about 5.6% in the quarter ended in February, mostly due to a decline of nearly 37% percent in cough, cold and flu-related categories, the company said.
- 03/24/2021
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Rite Aid Provides Update on Fiscal Year 2021 Guidance
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation's (NYSE: RAD) fourth quarter 2021 financial results were significantly impacted by a soft cough, cold and flu season, ongoing impacts related to COVID-19 and challenging weather conditions. As a result, the Company is updating its guidance for the fiscal year ended February 27, 2021. “During the fourth quarter our industry was impacted by a historically soft cough, cold and flu season, as well as the continued impacts of COVID on the deferra
- 03/24/2021
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Rite Aid Extends COVID-19 Vaccine Priority Scheduling Period for Teachers, School Staff and Childcare Providers
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid today announced it has extended the priority COVID-19 vaccine scheduling period for teachers, school staff and childcare providers, in accordance with a directive from the United States Department of Health and Human Services (HHS) and the Biden Administration, to ensure these groups are vaccinated during the month of March. Continuing last week's initiative, the scheduling of select COVID-19 vaccine appointments at Rite Aid will be available exclusivel
- 03/18/2021
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Rite Aid, No Matter How You Cut It, It Is The Right Stock
- Rite Aid has a growing retail pharmacy business generating over $15 billion in annual revenues. RAD owns a Prescription Benefits Management (PBM) service, now known as Elixir, currently generating an additional $8 billion in annual revenues.
- 03/16/2021
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4 Top Stock Trades for Wednesday: PENN, CRWD, RAD, CLSK
- Penn National Gaming, CrowdStrike, Rite Aid and CleanSpark were our top stock trades for Wednesday. Now, let's get a look at the charts.
- 03/16/2021
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Reddit Penny Stocks: FUSE, RY, AVA, LE, RAD and Other Top Names on the Popular Subreddit
- Reddit Penny Stocks continues to collect investors looking for the best stocks to take a chance on and here are the top choices for Friday. The post Reddit Penny Stocks: FUSE, RY, AVA, LE, RAD and Other Top Names on the Popular Subreddit appeared first on InvestorPlace.
- 03/05/2021
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Rite Aid Expands Commitment to Improving Chemical Management and Product Safety
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) today announced expanded commitments to reduce toxic chemicals in the products it sells, doubling down on its efforts to ensure clean, safe product ingredients as part of the company's RxEvolution strategy. Rite Aid's commitment to improve chemical management and product safety directly aligns with the company's objective to help customers achieve whole health. Following an evaluation of current practices, Rite Aid has identified several new
- 03/03/2021
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3 Pharmacies & Drugstore Stocks to Watch Amid COVID-19 Resurgence
- 3 Pharmacies & Drugstore Stocks to Watch Amid COVID-19 Resurgence
- 02/26/2021
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Rite Aid stores to receive 100 COVID-19 vaccines a week in 5 states and New York City, Philadelphia
- Rite Aid Corp. said Thursday that as part of the Federal Retail Pharmacy Program, which launches Thursday, that will receive COVID-19 vaccines directly from the U.S. government in five states and two major cities. Participating stores in California, Michigan, New Jersey, Ohio and Pennsylvania, as well as New York City and Philadelphia, will receive 100 doses per week, with allocations to grow over time.
- 02/11/2021
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Rite Aid Expands No-Charge COVID-19 Testing to All Drive-Through Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) is expanding no-charge COVID-19 self-swab testing to all drive-through locations, with 441 additional sites opening Friday, February 12, through its partnership with the U.S. Department of Health and Human Services (HHS). The new testing sites will increase Rite Aid's capacity for COVID-19 testing services in California, Connecticut, Delaware, Idaho, Maryland, Michigan, New Hampshire, Ohio, Oregon, Virginia and Washington. Like Rite Aid's ex
- 02/11/2021
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Rite Aid Opens More Than 300 New No-Charge COVID-19 Testing Sites
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) is expanding its no-charge COVID-19 testing capabilities with 317 additional drive-through testing site locations opening across New Jersey, New York and Pennsylvania on Friday, February 5, through its partnership with the U.S. Department of Health and Human Services (HHS). Like Rite Aid's existing testing sites, the new locations will utilize PCR, simple self-swab nasal tests overseen by Rite Aid pharmacists. Each site will operate Monday t
- 02/04/2021
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Is Rite Aid (RAD) Stock Outpacing Its Retail-Wholesale Peers This Year?
- Is (RAD) Outperforming Other Retail-Wholesale Stocks This Year?
- 02/03/2021
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5 Retail Stocks in Focus as Americans Look Confident Now
- Americans feel a bit confident now about the labor market and the overall economic environment. Michaels (MIK), Rite Aid (RAD), DICK'S Sporting (DKS), Target (TGT) and Lowe's (LOW) will be a great addition to your portfolio.
- 01/27/2021
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Bill Ackman Pushes 3 Retailers to Get Directly Involved in U.S. Coronavirus Vaccine Drive
- The high-profile hedge fund manager feels that Target, Walmart, and Kroger could be a big help in getting Americans inoculated.
- 01/22/2021
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Rite Aid Expands No-Charge COVID-19 Testing to 460 Drive-Through Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) is further expanding its no-charge COVID-19 testing capabilities with 60 additional drive-through locations opening on Friday, January 22, through its partnership with the U.S. Department of Health and Human Services (HHS). Additionally, no-charge testing will now be available for ages four and older at all new and existing drive-through testing sites. Previously, testing had been available to individuals 13 years of age and older. The new l
- 01/21/2021
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Rite Aid (RAD) Down 9.1% Since Last Earnings Report: Can It Rebound?
- Rite Aid (RAD) reported earnings 30 days ago. What's next for the stock?
- 01/16/2021
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Moving Average Crossover Alert: Rite Aid (RAD)
- Rite Aid Corporation (RAD) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 01/15/2021
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Here's Why Rite Aid (RAD) Marching Ahead of the Industry
- Rite Aid (RAD) remains poised for solid growth ahead, driven by strength in online services, PBM market and Elixir.
- 01/11/2021
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Rite Aid Corporation (RAD) CEO Heyward Donigan Presents at 39th Annual JPMorgan Healthcare Conference (Transcript)
- Rite Aid Corporation (RAD) CEO Heyward Donigan Presents at 39th Annual JPMorgan Healthcare Conference (Transcript)
- 01/11/2021
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Rite Aid CEO said retailers will get tapped sooner than expected to help speed vaccine rollout
- Rite Aid has given more than 5,000 Covid vaccations so far and it's seen the rollout's challenges firsthand, its CEO said.
- 01/11/2021
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Covid vaccinations offer CVS, Walgreens and Rite Aid a chance to showcase how drugstores have changed
- The three drugstore chains have expanded their digital offerings and stepped up their focus on health and wellness to keep up with consumer preferences.
- 01/10/2021
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Rite Aid to Present at the 39th Annual J.P. Morgan Healthcare Conference
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) announced today that Heyward Donigan, president and chief executive officer; Jim Peters, chief operating officer and Matt Schroeder, executive vice president and chief financial officer will participate in a fireside chat with investors at the 39th Annual J.P. Morgan Healthcare Conference on Monday, Jan. 11th at approximately 11:40 a.m. ET. The conference is a virtual event. The appearance will be broadcast via the Internet at ht
- 01/04/2021
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Investing in These Stocks Now Could Make You a Millionaire Retiree
- Good businesses with a solid growth trajectory are the foundation for peace of mind in your golden years.
- 01/01/2021
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7 Best Stocks to Buy for a Potential Short Squeeze
- Short squeezes can fuel massive rallies in just a couple of days, making these some of the best stocks to buy when timed correctly. The post 7 Best Stocks to Buy for a Potential Short Squeeze appeared first on InvestorPlace.
- 12/30/2020
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Are Options Traders Betting on a Big Move in Rite Aid (RAD) Stock?
- Investors need to pay close attention to Rite Aid (RAD) stock based on the movements in the options market lately.
- 12/30/2020
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Has Rite Aid (RAD) Outpaced Other Retail-Wholesale Stocks This Year?
- Is (RAD) Outperforming Other Retail-Wholesale Stocks This Year?
- 12/29/2020
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Don't Lose Confidence, Scoop Up These 5 Retail Stocks Instead
- Consumer confidence declined for the second successive month in December. But these retailers - DICK'S Sporting (DKS), Beacon Roofing Supply (BECN), MarineMax (HZO), Rite Aid (RAD) Target (TGT) - could still be a great addition to your portfolio.
- 12/23/2020
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Rite Aid Expanding Free Drive-Thru Coronavirus Testing
- 99 new locations are to come on line Tuesday.
- 12/22/2020
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Rite Aid Expands No-Charge COVID-19 Testing to 400 Drive-Through Locations
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) is further expanding its no-charge COVID-19 testing capabilities with 99 additional drive-through locations opening on Tuesday, December 22 through its partnership with the U.S. Department of Health and Human Services (HHS). Rite Aid's COVID-19 testing service will expand coast-to-coast, with new locations in California, Nevada, Washington, Michigan, Ohio, Pennsylvania, Virginia, New York, Connecticut, New Jersey, Delaware, and Maryland. Lik
- 12/21/2020
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Rite Aid (RAD) Soars on Earnings & Revenues Beat in Q3
- Rite Aid's (RAD) Q3 results gain from solid demand, rise in same-store prescription count, strength in Elixir brand and robust online growth. Also, it is progressing well with RxEvolution strategy.
- 12/18/2020
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Rite Aid Posts Surprise Q3 Profit
- The coronavirus didn't exactly have a damaging effect on the pharmacy chain.
- 12/17/2020
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Rite Aid Corporation (RAD) CEO Heyward Donigan on Q3 2021 Results - Earnings Call Transcript
- Seeking Alpha Transcripts | Services Rite Aid Corporation (RAD) CEO Heyward Donigan on Q3 2021 Results - Earnings Call Transcript Dec. 17, 2020 1:31 PM ET | | About: Rite Aid Corporation (RAD) by: SA Transcripts Subscribers Only Earning Call Audio Rite Aid Corporation (NYSE:RAD) Q3 2021 Earnings Conference Call December 17, 2020 8:30 AM ET Company Participants Trent Kruse - VP of IR and Treasury Heyward Donigan - CEO
- 12/17/2020
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These 2 Stocks Have Stock Market Investors Excited About 2021
- Markets are climbing, and earnings reports from these companies have a lot to do with it.
- 12/17/2020
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Rite Aid Reports 12 Pct Rise In Revenues
- Rite Aid Corporation reported on Thursday (Dec. 17) as part of its Fiscal 2021 Q3 results that revenues rose 12 percent, fueled by expansion in the retail pharmacy and pharmacy services areas. Revenues from continuing operations for the timeframe were $6.12 billion, up from $5.46 billion in the past year's quarter, according to an announcement.
- 12/17/2020
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Why Rite Aid Stock Is Rocking Today
- The pharmacy company reported very good Q3 results.
- 12/17/2020
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Rite Aid partners with CDC on COVID-19 vaccine as profits soar
- Rite Aid Corp. is partnering with the Centers for Disease Control and Prevention in helping administer COVID-19 vaccines.
- 12/17/2020
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Rite Aid Stock Soars to Annual High on Surprise Top-Line beat
- The shares of Rite Aid Corporation (NYSE:RAD) are surging, last seen up 25% to a new annual high of $21.39, after the pharmacy giant scored an unexpected quarterly profit.
- 12/17/2020
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Rite Aid (RAD) Tops Q3 Earnings and Revenue Estimates
- Rite Aid (RAD) delivered earnings and revenue surprises of 4100.00% and 4.63%, respectively, for the quarter ended November 2020. Do the numbers hold clues to what lies ahead for the stock?
- 12/17/2020
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Rite Aid's stock soars after big profit beat, raised outlook
- Shares of Rite Aid Corp. soared 9.7% in premarket trading Thursday, after the drug store chain reported fiscal third-quarter profit and revenue that beat expectations, and raised its full-year outlook to expect earnings rather than potential losses. Net income for the quarter to Nov. 28 fell to $54.1 million, or 8 cents a share, from $53.6 million, or 96 cents a share, in the year-ago period.
- 12/17/2020
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Rite Aid Corporation Reports Fiscal 2021 Third Quarter Results
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid Corporation (NYSE: RAD) today reported operating results for its third fiscal quarter ended November 28, 2020. For the third quarter, the company reported net income from continuing operations of $4.3 million, or $0.08 income per share, Adjusted net income from continuing operations of $21.6 million, or $0.40 income per share, and Adjusted EBITDA from continuing operations of $137.4 million, or 2.3 percent of revenues. “We are pleased with our third qua
- 12/17/2020
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5 Top Stock Trades for Thursday: IQ, BIDU, DKNG, RAD, GIS
- Baidu, iQiyi, DraftKings, Rite Aid and General Mills were our top stock trades for Thursday. That said, let's look at the charts now.
- 12/16/2020
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Why Rite Aid Stock Jumped 44% Last Month
- A number of factors, including a rebranding plan, lifted the stock in November.
- 12/07/2020
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Rite Aid Hires Texanna Reeves to Lead Diversity, Equity and Inclusion Efforts
- CAMP HILL, Pa.--(BUSINESS WIRE)--Rite Aid (NYSE: RAD) has hired Texanna Reeves, a respected diversity and inclusion leader, to develop and implement the organization's overall diversity, inclusion and belonging strategy. Rite Aid has continued to hire senior leaders to drive forward its broader RxEvolution strategy, and the addition of Reeves signals the organization's commitment to sustainable systemic change as a key component of its overall transformation. “Diversity and inclusion are essent
- 12/01/2020
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Rite Aid Foundation Announces New Partnerships With Girls on the Run, SeriousFun Children's Network
- CAMP HILL, Pa.--(BUSINESS WIRE)--The Rite Aid Foundation is providing grants for $1 million each to Girls on the Run and SeriousFun Children's Network.
- 11/23/2020
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1 Big Reason Why Pharmacy Investors Shouldn't Fear Amazon
- A few years ago, Amazon was supposed to disrupt the grocery industry. That didn't happen.
- 11/21/2020
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Why CVS, Walgreens, Rite Aid, and Other Pharmacy Stocks Plunged Today
- A formidable competitor is entering the healthcare arena.
- 11/17/2020
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Amazon Pharmacy announcement sends stocks of drugstore chains tumbling
- The announcement sent shares of CVS tumbling 8.8 percent Tuesday afternoon, while Rite Aid plummeted 16 percent and Walgreens Boots Alliance was down 8.4 percent.
- 11/17/2020
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Drugstore Stocks News: Why CVS, WBA, GDRX and RAD Are Sinking Today
- Drugstore stocks, such as CVS, Walgreens, Goodrx Holdings, and Rite Aid are taking a beating on Tuesday following news from Amazon. The post Drugstore Stocks News: Why CVS, WBA, GDRX and RAD Are Sinking Today appeared first on InvestorPlace.
- 11/17/2020
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Walgreens drops 11% to lead drug store stocks lower after Amazon launches pharmacy business
- CVS, Rite Aid and other pharmacy stocks were under pressure on Tuesday morning after Amazon's newest venture was announced.
- 11/17/2020
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Walmart, Kohl's And Big Drug Chains Look For Wealth From Health
- It was once just a catchphrase but more retailers are figuring out ways to cash in on the health and wellness movement driven by Covid and demographics
- 11/15/2020
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Rite Aid Rebrands, Reconfigures Retail Experience
- Rite Aid, locked in a battle for U.S. market share with CVS and Walgreens, unveiled its rebranding Monday (Nov. 9) along with a new vision for its in-store and digital-first experience. “This is an important milestone in our relentless pursuit of becoming the preeminent whole health destination.
- 11/09/2020
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Rite Aid announces rebranding, new store design test
- Rite Aid Corp. shares rose 2.8% in Monday premarket trading after the pharmacy retailer announced a new marketing and branding campaign that includes a new corporate logo, digital experience and a test of a "store of the future" design. Rite Aid says it is targeting millennial and Gen X women, and has been working towards the revamp over the last year, with new supplier relationships, employee training and tools and more.
- 11/09/2020
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7 Stocks That Look Like Great Buyout Targets
- Companies are always seeking growth through mergers and acquisitions, so investors could pick buyout stocks before the market does. The post 7 Stocks That Look Like Great Buyout Targets appeared first on InvestorPlace.
- 11/04/2020
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