RAD - Rite Aid has plunged 50% since January. Has it hit bottom or is there still room to fall?

Rite Aid (NYSE:RAD) shares have lost half their value since January -- a far worse performance than rival drug store chains have seen. The slide has come amid heightened concerns about the company’s future, with some analysts predicting even more declines to come. With the company set to announce its next earnings report this week, has the stock reached a bottom or does it remain a sell at these levels? Deutsche Bank Raises Red Flags Since the beginning of the year, Rite Aid shares have plunged 50% while shares of competitor Walgreens Boots Alliance (WBA) have tumbled 15%. Meanwhile, fellow drug store chain CVSHealth (CVS) shares have actually advanced despite overall weakness in the market. The stock has edged up 1%, while the S&P 500 Index has slid 8%. The latest round of selling in RAD came last week, when analysts at Deutsche Bank slashed their price target for the stock

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Rite Aid has plunged 50% since January. Has it hit bottom or is there still room to fall?