Why Rite Aid Stock Is Sinking Today

·2 min read
Why Rite Aid Stock Is Sinking Today

Shares of Rite Aid (NYSE: RAD) were sinking 8% as of 11:06 a.m. EDT on Thursday. The decline came after the pharmacy chain announced its second-quarter earnings results before the market opened. The company announced an adjusted net loss from continuing operations in the second quarter of $22 million, or $0.41 per share.

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