On September 19, 2017, the Federal Trade Commission approved a fourth deal agreement for Walgreens to purchase 1,932 stores from Rite Aid for $4.38 billion total. engages in the ownership and management of retail drug stores. Share to Facebook Share to Twitter Share. However, on June 29, 2017, over fear of antitrust regulations, Walgreens Boots Alliance announced it would buy roughly half of Rite Aid's stores for $5.18 billion. Rad Candy Company Shares Some Sweet Treats Toggle header content. Find everything from its Valuation, Future Growth, Past Performance and more. In late 2015, Walgreens announced that it would acquire Rite Aid for $17.2 billion pending approval. Research Rite Aids (NYSE:RAD) stock price, latest news & stock analysis. Rite Aid is publicly traded on the New York Stock Exchange under the symbol RAD. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Rite Aid began in 1962, opening its first store in Scranton, Pennsylvania it was called Thrift D Discount Center. Learn More on Rite Aids short interest ratio. RAD shares currently have a short interest ratio of 6.0. A short interest ratio of 10 or greater indicates strong pessimism about a stock. 148 in the Fortune 500 list of the largest United States corporations by total revenue. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers.
It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center.
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. Rite Aid Corp (NYSE: RAD) has reported Q4 FY23 sales of 6.09 billion, compared to 6.
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