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