Rite Aid Corporation Stock News

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 t

Rite Aid could become the latest company to declare bankruptcy as a result of lawsuits filed in the wake of the opioid crisis.

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.

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, ci

Analysts said blockbuster weight loss drugs like Wegovy are minimally profitable for retailers like Walmart – and may even come with slight margin headwinds.

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 fla

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.

CNBC's Kate Rooney reports on news regarding Rite Aid, and other popular shorts.

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%.

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Rite Aid has not had a profitable year since 2018. The company reported a loss of $306 million in its last quarterly report.

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

Penny stocks are an interesting asset class. On any given day, you will see at least a handful experiencing extreme levels and explosive moves.

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.

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.