RAD stock remains under pressure amidst surging short selling pressure. After a solid start to the year, the stock has once again come tumbling sown in what appears to be a continuation of a bear trend that began last year. Shares of Rite Aid Corporation (NYSE:RAD) are down over 35% so far this year.
Widening Net LossA recent spiral follows the delivery of mixed financial results that seem to have rattled RAD stock investors. Fourth quarter results for the period ending March 2, 2019, indicates revenue dropped to $5.38 billion from $5.39 reported a year ...
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