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Why Rite Aid Stock Is Plunging Today

Why Rite Aid Stock Is Plunging Today

Shares of Rite Aid (NYSE: RAD) were plunging 14.3% lower as of 11:22 a.m. EDT on Thursday. The steep decline came after the pharmacy retailer reported its fiscal 2022 first-quarter results before the market opened. As you might expect after today's sell-off of the healthcare stock, investors weren't happy with Rite Aid's first-quarter results.