Rite Aid shares are trading lower following a report suggesting the company plans to shut down hundreds of stores as part of a bankruptcy plan.
Portfolio Pulse from Benzinga Newsdesk
Rite Aid is reportedly planning to close hundreds of stores as part of a bankruptcy plan. This news has led to a decrease in the company's share price.
September 25, 2023 | 4:38 pm
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Rite Aid's shares are trading lower due to reports of the company's plan to close hundreds of stores as part of a bankruptcy plan.
The news of Rite Aid's planned store closures and bankruptcy is directly impacting the company's stock price, causing it to trade lower. This is a significant event that could potentially affect the company's future operations and financial stability.
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