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The Latest Breaking News from Rite Aid

Shares slumped on Friday after the company and its CEO agreed to part ways. The pharmacy giant faces huge challenges. Yes, the stock is cheap, but letting it settle first may be a good idea.

The Street

Drugstore chain Rite Aid reportedly is headed for a Chapter 11 filing

Heading into Chapter 11, Rite-Aid may have taken a wrong turn on opioid prescription policies.

The Street

Report: Rite Aid ready to file bankruptcy

The chain has struggled despite its long history, but a unique problem is forcing it to file for a Chapter 11 reorganization.

The Street

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This critical retailer could be on its way to bankruptcy

A retail store chain millions rely on every day is on the verge of declaring bankruptcy.

The Street

Walgreens Boots Alliance (WBA), CVS Health (CVS), and Rite Aid (RAD): Buy, Hold or Sell?

With rising healthcare spending, the drugstore industry is poised to witness solid growth amid heightened demand. As a result, leading industry players CVS Health (CVS), Walgreens Boots Alliance (WBA), and Rite Aid (RAD) stand to benefit. However, should you Buy, Hold, or Sell these stocks? Keep reading to find out.

StockNews.com

Clock ticking for West Virginia to select leadership for opioid money distribution

West Virginia is finalizing the leadership for a newly created foundation tasked with distributing the lion’s share of the more than $1 billion in opioid lawsuit-settlement money

The Independent UK

West Virginia settles with Kroger, opioid money now tops $1B

West Virginia has settled with Kroger for $68 million over its role in distributing highly addictive prescription painkillers into the U.S. state that has lost more lives to opioid overdoses per capita than any other

The Independent UK

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Justice Department sues Rite Aid for hundreds of thousands of ‘unlawful’ prescriptions at height of opioid crisis

The Justice Department accused the pharmacy giant of ignoring red flags when prescribing opioids

The Independent UK

US sues Rite Aid for allegedly missing ‘red flags’ in unlawful prescriptions

DoJ alleges pharmacy chain knowingly filled prescriptions that were ‘medically unnecessary’, including opioids

The Guardian - US

U.S. government lawsuit accuses Rite Aid of unlawful opioid prescriptions

The DOJ alleges prescriptions were filled despite clear "red flags."

Axios

Rite Aid Makes a Big Change As Pharmacy's Struggles Continue

Rebounding from a challenging 2021, some retailers performed well in 2022. But struggling stock values were too much for some to continue business as usual.

The Street

Target, Walmart, and Rite Aid All Have the Same (Growing) Problem

Big-box retailers say the issue has been getting worse and is cutting into profits.

The Street

Rite Aid Says Theft Is a Much Bigger Problem Than You Might Think

Rite Aid lost millions to retail theft in just one city, here's what some municipalities are doing to combat the problem.

The Street

Rite Aid Could Test 2009 Bear-Market Lows. Here's the Chart.

Rite Aid stock is getting hit on the earnings report, sending the stock down near 2022 lows. And it's not that far from the 2009 lows.

The Street

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StockNews.com

Rite Aid Shares Jumped 40% Last Week - Buy, Sell, Hold?

Rite Aid (RAD) shares soared last week after the company reported stronger-than-expected first-quarter revenue growth and issued an upbeat sales forecast. However, given the company’s increasing losses and projected interest rate hikes, is it worth buying the stock now? Let’s find out.

The Independent UK

Amazon, Rite Aid cap purchase of emergency contraceptives

Amazon is limiting how many emergency contraceptives consumers can buy, joining other retailers who put in place similar caps following the Supreme Court decision overruling Roe v. Wade

The Guardian - US

US pharmacies reportedly set purchase limit on emergency contraception pills

Walmart, CVS and Rite Aid – as well as Amazon – have all set caps on the number of morning-after pills people can purchase

Benzinga

Effect Of Roe Vs. Wade Ruling - Pharmacies Ration Contraceptive Pills

Major pharmacies like CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Rite Aid Corporation (NYSE:RAD) have put a limit on purchases or deliveries of Plan B and other emergency contraceptive pills, writes Wall Street Journal. The move comes as demand for contraceptive pills spiked following the Supreme Court ruling overturning a constitutional right to abortion. These were in…

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Benzinga

Rite Aid Shares Jump After Upbeat Annual Guidance

Rite Aid Corp (NYSE:RAD) has reported Q1 FY23 sales of 6.01 billion, down 2.4% Y/Y, beating the consensus of $5.75 billion. The company reported an EPS loss of $(0.60) compared to an income of $0.38 a year ago, driven by non-cash impairment charges and cycling prior-year COVID vaccination benefit. Retail Pharmacy Segment…

Benzinga

Why Rite Aid Stock Is Rising Today

Rite Aid Corp (NYSE: RAD) shares are trading higher Thursday after the company announced better-than-expected financial results and raised full-year revenue guidance above analyst estimates.

Benzinga

Rite Aid: Q1 Earnings Insights

Rite Aid (NYSE:RAD) reported its Q1 earnings results on Thursday, June 23, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

Benzinga

Earnings Outlook For Rite Aid

Rite Aid (NYSE:RAD) is set to give its latest quarterly earnings report on Thursday, 2022-06-23. Here's what investors need to know before the announcement. Analysts estimate that Rite Aid will report an earnings per share (EPS) of $-0.70.

The Street

Here’s What Will Be Open And Closed on Juneteenth

A look at what stores and offices are doing to celebrate America's newest holiday.

The Street

Here’s What Will Be Open And Closed on Memorial Day

Rite Aid, Best Buy and Pizza Hut will be open. Not so much with the Stock Market, though.

Benzinga

Analyzing Rite Aid's Short Interest

Rite Aid's (NYSE:RAD) short percent of float has risen 7.6% since its last report. The company recently reported that it has 18.53 million shares sold short, which is 34.26% of all regular shares that are available for trading.

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