Rite Aid Stock News

Rite Aid (NYSE:RAD) released its quarterly earnings data on Monday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks consensus estimate of ($0.18) by $0.33, MarketWatch Earnings reports. Rite Aid had a negative net margin of 0.52% and a negative return on equity of 3.64%. The firm had revenue of []

Companies in the news are: RAD, APOG, MU, NKE

Increased demand for COVID-19 vaccination and testing, and growth in the Retail Pharmacy unit aid Rite Aid's (RAD) Q3 results.

Rite Aid, the American drugstore chain headquartered in Camp Hill, Pennsylvania, announced on Tuesday, Dec. 21, that it will be closing down at least 63 store outlets in the United States. Rite Aid said that as it

RAD earnings call for the period ending September 30, 2021.

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U.S. stock indexes finished sharply higher Tuesday, halting a three-session slide, with optimism aided by the Biden administration's plan to fight rising COVID-19 cases driven by the omicron variant.

"The decision to close the store is one we take very seriously as we evaluate the impact on our associates, our customers and our communities," Rite Aid CEO Heyward Donigan…

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.

Surging COVID-19 testing and fewer stores could mean more profits for investors.

Rite Aid Co. (NYSE:RAD) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 25,131 call options on the stock. This is an increase of approximately 298% compared to the typical daily volume of 6,322 call options. RAD traded up $2.02 on Tuesday, hitting $14.42. The company had a trading volume of []

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The post Rite Aid Stock Soars After Upbeat Forecast. The Chain Also Is Closing Stores. appeared on BitcoinEthereumNews.com . Text size Rite Aid has identified 63 stores to close, and expects to find more. Justin Sullivan/Getty Images Stock in Rite Aid was soaring after the drugstore chain said it