Rite Aid Stock Breaks the Buck at the Worst Time [The Motley Fool]
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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US:NYSE Investor Relations:
riteaid.com/corporate/investor-relations
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Source: The Motley Fool
The drugstore operator's stock is closing below $1 for the first time in six years. It reports its fiscal third-quarter results on Wednesday afternoon. Rick Munarriz ( TMFBreakerRick ) Dec 17, 2018 at 9:30AM Things haven't gotten easier for Rite Aid ( NYSE:RAD ) investors since they forced the drugstore operator out of its proposed merger with Albertsons. The stock hit seven-year lows on Thursday, and closing below $1 for the first time since 2012. Rite Aid's negative momentum is exactly what it doesn't need this week. It reports fresh financial results on Wednesday, and the market's uninspiring treatment of Rite Aid stock in recent months -- the shares have shed nearly half of their value since the Albertsons deal fell apart this summer -- suggests that the third-quarter report will be a stinker. Image source: Rite Aid. Fumbling the pr
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