Rite Aid – A Rocky Road Ahead

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According to CNN, Rite Aid shares slid lower as the pharmacy chain prepared bankruptcy filings this week while dealing with lawsuits over the sale of opioids.

Questions:

  1. What was the new all-time low stock price?
  2. How many stores does Rite Aid have?
  3. Under what Act is the Department of Justice going after the chain?
  4. What is the chain’s current debt due to these legal issues?

Source:

Goodkind, R. (2023) Rite Aid stock is experiencing extreme turbulence: Here’s why. CNN, August 28 (Retrievable online at https://www.cnn.com/2023/08/28/investing/rite-aid-stock-bankruptcy/index.html)