Why Rite Aid Stock Has Lost 13% This Year [The Motley Fool]
Rite Aid Corporation (RAD)
Last rite aid corporation earnings: 4/16 07:00 am
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Source: The Motley Fool
The drugstore chain has given up value as the company has been unable to seal its merger with Albertson's. Jeremy Bowman ( TMFHobo ) Jul 10, 2018 at 7:42PM What happened Shares of Rite Aid ( NYSE:RAD ) have given up 13% through the first half of 2018, according to data from S&P Global Market Intelligence , as the struggling drugstore chain seeks to complete a merger with Albertson's and sold nearly 2,000 stores to larger rival Walgreen Boots Alliance . Rite Aid's results have continued to disappoint as the company is barely profitable on a non-GAAP basis and same-store sales are declining. Image source: Rite Aid. As the chart below shows, the stock started out the year on a strong note, but quickly gave up those gains, and sank recently on a weak earnings report and news of Amazon.com 's acquisition of PillPack. RAD data
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