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RAD / Rite Aid Stock Sinks After Chapter 11 Bankruptcy Filing

Rite Aid Corp (NYSE:RAD) stock is down 5.6% to trade at $0.61 at last check, after the pharmacy concern filed for Chapter 11 bankruptcy protection this weekend, amid slowing sales, increasing debt, and opioid-related lawsuits. Read More

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Posted: Oct 16 2023, 10:04

Author Name: Schaeffers Research

RAD News

By The Motley Fool
October 25, 2023

Rite Aid Files for Bankruptcy: Is Walgreens Boots Alliance Headed for the Same Fate?

These pharmacy retailers have a lot in common, as both have struggled to stay out of the red. Walgreens remains unprofitable, but it is making efforts

By Barrons
October 20, 2023

Rite Aid Rides a Hot 2023 Trend: Going Bankrupt

So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-dis

By Proactive Investors
October 19, 2023

Walgreens pays $192.5M to settle Rite Aid investors' lawsuit

Walgreens Boots Alliance Inc (NASDAQ:WBA) has agreed to pay $192.5 million to settle a class action lawsuit brought on by Rite Aid (NYSE:RAD) investo

By 24/7 Wall Street
October 19, 2023

A List of 150 Stores Rite Aid Is Closing

Rite Aid, which just moved into Chapter 11, will close 150 stores. It has 2,300 in 17 states, so the number is likely to rise.

By Fox Business
October 19, 2023

Rite Aid closing 154 stores in 15 states: Here's the list

Rite Aid is shuttering over 150 stores as it seeks to restructure their business following years of legal issues tied to the opioid crisis and sagging

By Market Watch
October 18, 2023

Rite Aid is closing 154 stores as part of bankruptcy

Rite Aid plans to shutter 154 stores, many of them in Pennsylvania and California, as part of its bankruptcy plans, according to an initial list of th

By CNBC
October 18, 2023

Rite Aid lost more than $1 billion in months before bankruptcy filing

Rite Aid warned investors it may not be able to keep its business running.

By CNN Business
October 18, 2023

Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list

Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring eff

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