Why Rite Aid Is Sinking This Week

Why Rite Aid Is Sinking This Week

Rite Aid (NYSE: RAD) stock was humming merrily along in the early part of this week, before it suddenly fell off a cliff Thursday. Rite Aid's first quarter of fiscal 2022 was actually quite encouraging. If stocks traded purely on trailing performance, investors would likely have shot Rite Aid's share price to the moon on these numbers.