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Analyst predictions can weigh heavily on a stock's performance. But when someone goes so far as to suggest that a business may be in danger of going under, all investors should be careful to take a second look. This month, George Hill of Deutsche Bank (NYSE: DB) downgraded pharmacy ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shopify (NYSE: SHOP ) stock is on the move Thursday as investors react to a couple of stories concerning the e-commerce company. Source: mtkang/Shutterstock First up is a report from Bloomberg that Shopify...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Former President Barack Obama and his wife, Michelle Obama, are reportedly searching for a new home to host their podcasts and it could be a benefit to Amazon (NASDAQ: AMZN ) stock. Source: Fabio Principe / Shutte...
Gainers: Inozyme Pharma (INZY) +15%. Clarus Therapeutics (CRXT) +10%. MedAvail (MDVL) +5%. Syros Pharmaceuticals (SYRS) +5%. Magenta Therapeutics (MGTA) +4%. Losers: AlloVir (ALVR) -10%. Rite Aid (RAD) -9%. Windtree Therapeutics (WINT) -7...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Rite Aid (NYSE: RAD ) stock is in focus today after The New York Post reported that the company had turned down a takeover bid from Spear Point Capital Management . Source: Andriy Blokhin / Shutterstock.com ...
Update 8:15am: Adds premarket trading. Rite Aid (NYSE:RAD) confirmed that it previously rejected a non-biding, "off-market" proposal from Spear Point Capital Management to acquire the drugstore chain. Rite Aid fell 2.8% in premarket trading. Rite Aid (RAD) said the offer provided no...
Rite Aid (NYSE:RAD) confirmed that it previously rejected a non-biding, "off-market" proposal from Spear Point Capital Management to acquire the drugstore chain. Rite Aid (RAD) said the offer provided no evidence of financing, required multiple months of exclusivity and called for RAD t...
Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Streaming sea change Netflix (NFLX) lost more than a third of its value yesterday, shedding more than $50B in market capitalization as shares tumbled 35%.T...
Rite Aid Corporation (NYSE: RAD) confirmed that it previously rejected a non-binding, off-market proposal from Spear Point Capital Management (“Spear Point”) to acquire all of the outstanding shares of the Company’s common stock. The Company and its Board of Directo...
A potential purchase of Rite Aid (NYSE:RAD) by a relatively unknown activist investment firm doesn't make sense, according to a Deutsche Bank analyst, who recently cut the drugstore chain to a sell rating. Rite Aid (RAD) shares surged earlier, though they pared gains to 11%, after a NYP...
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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...