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Influential Investors can create defining moments in a stock's price, by simply making large buy and sell decisions, and Rite Aid (NYSE: RAD) is no exception. Pivot points in a chart pattern are often created by these events, and as we have learned this does not require institutio...
The media keeps mentioning Rite Aid as a potential Ch.11 bankruptcy filer. I don't see any item that would actually trigger a bankruptcy filing until late 2023. The current stock price is too high compared to my valuation, which is based on the latest 2021 management's guidance nu...
Often, the action in a stock is based on investors perceptions, but it can be a circular event. Not only is the price action representative of perception, but it can influence perception too. In the case of Rite Aid (NYSE: RAD) we can see this in the charts. The data f...
White House Press Secretary Jen Psaki said today that the number of COVID-19 vaccine doses pharmacies will get per week will double from 1M to 2M under a federal program.Psaki added that the federal government is increasing its vaccine supply to 13.5M doses per week.Pharmacy chain stocks are ...
Rite Aid (RAD) announces that it is expanding no-charge COVID-19 self-swab testing to all drive-through locations, with 441 additional sites opening on Friday, through its partnership with the U.S. Department of Health and Human Services ((HHS)).The new testing sites will increase Rite Aid's ...
Rite Aid is proud to partner with the federal government as an inaugural participant in the Federal Retail Pharmacy Program. Under this program, which begins today, federal health authorities determine the allocation of doses, while state and local jurisdictions continue to define their...
Rite Aid Surpasses 1,200 Testing Sites in Partnership with HHS Rite Aid (NYSE: RAD) is expanding no-charge COVID-19 self-swab testing to all drive-through locations, with 441 additional sites opening Friday, February 12, through its partnership with the U.S. Department of He...
Rite Aid ([[RAD]] +2.8%) is expanding its no-charge COVID-19 testing with 317 additional drive-through testing site locations opening across New Jersey, New York and Pennsylvania on Friday through its partnership with the U.S. Department of Health and Human...
Drive-Through Testing Expanding Across New Jersey, New York and Pennsylvania Rite Aid (NYSE: RAD) is expanding its no-charge COVID-19 testing capabilities with 317 additional drive-through testing site locations opening across New Jersey, New York and Pennsylvania on Friday,...
The markets saw a return to volatility this week after mixed economic news, but David Cohne believes additional stimulus and accommodative Fed policy will lead to further upside. He is specifically bullish on pharmacy stocks such as CVS Health Corporation (CVS), Rite Aid Corporation (RAD), an...
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Secures Interim Approval to Access Up to $3.45 Billion in Debtor-in-Possession Financing Continues to Serve Customers and Deliver Healthcare Products and Services Across Retail and Online Platforms Rite Aid Corporation (OTC: RADCQ) (“Rite Aid” or the “Compan...
Stein Succeeds Elizabeth “Busy” Burr Rite Aid Corporation (NYSE: RAD) (“Rite Aid” or the “Company”) today announced that its Board of Directors has appointed Jeffrey S. Stein as Chief Executive Officer (CEO), Chief Restructuring Officer (CRO) an...
Reaches Agreement in Principle with Key Creditors on the Terms of Financial Restructuring Plan Initiates Voluntary Chapter 11 Process to Implement a Consensual Financial Restructuring That Will Significantly Reduce Debt and Enable Execution of Key Initiatives Receives Commitment f...