|Bid||1.572 x 0|
|Ask||1.652 x 0|
|Day's range||1.581 - 1.613|
|52-week range||1.393 - 8.284|
|PE ratio (TTM)||N/A|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Amazon's expansion strategy is not the only reason behind Rite Aid's (RAD) debacle. Let's take a look at the other reasons for which this stock has lost ground.
Three months after its Whole Foods acquisition, Amazon is making waves again with rumors that it is eying the prescription drug distribution business.
(Reuters) - Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to ...
Rite Aid’s stock crashed 11%, touching a four-year low after the company missed revenue expectations and reported weak sales comps on September 28.
As outlined in the previous section, Rite Aid (RAD) reported a 4.4% YoY (year-over-year) decline in total sales to $7.7 billion during 2Q17.
Rite Aid (RAD) reported results for 2Q17 on Thursday, September 28, 2017. The company reported a loss of one cent per share on total sales of $7.7 billion.
Rite Aid Corporation (RAD), which had quite an eventful journey of late, reported dismal second-quarter fiscal 2018 results last week. However, latest deal with Walgreens should benefit.
U.S. antitrust regulators have allowed a slimmed-down deal for drugstore chain Walgreens Boots Alliance (Frankfurt: W8A.F - news) Inc to buy about 42 percent of Rite Aid Corp's U.S. stores for $4.38 billion, Walgreens (Swiss: WBA.SW - news) said on Tuesday. Walgreens will acquire 1,932 Rite Aid stores, 254 fewer than it announced in July, in areas where competition between the two chains is not significant. Rite Aid shares slid 9.3 percent at $2.48 while Walgreens was down 1.8 percent to $81.11.
Wall Street fell sharply on Thursday with the S&P 500 and Dow industrials on track for their worst daily drops in six weeks as investors continued a recent move out of technology shares. The technology sector, which has led the S&P 500's 8-percent gain for the year, dropped 2.1 percent, and were the worst-performing major group. Declines in big tech stocks, including Apple and Microsoft, weighed the most on the benchmark S&P.
Walgreens says the plan to buy half of Rite Aid's stores should address the concerns of antitrust regulators over previous plans for the two pharmacy chains to merge.
Walgreens Boots Alliance canceled its previous merger deal with Rite Aid and replaced it with a new agreement, which also impacts Fred's.