The Traderszone Network

Published in TZ Latest News 9 April, 2017 by The TZ Newswire Staff

Can Rite Aid Stock Keep Going After Last Week’s 9% Pop?

Most stocks tend to be steady if not boring after their companies agree to be acquired, but that has certainly not been the case with Rite Aid (NYSE: RAD). Shares of the drugstore operator rose 9.2% last week, after aspiring acquirer Walgreens Boots Alliance (NASDAQ: WBA) voiced continued support for the proposed buyout and a report suggested that outsiders may play a part in making it happen.

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