The Traderszone Network

Published in TZ Latest News 5 October, 2017 by The TZ Newswire Staff

Why Rite Aid’s Shares Crashed 19% in September

Rite Aid (NYSE: RAD) and Walgreens Boots Alliance (NASDAQ: WBA) were forced by regulators to reduce the number of stores Rite Aid is selling to Walgreens and that news, plus Rite Aid’s lackluster quarterly financial results, caused Rite Aid’s shares to lose 19% of their value last month, according to S&P Global Market Intelligence.

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