![]() 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. Rite Aid Corporation (RAD) offers a wide range of whole-being health products and services for the entire family through over 2,300 retail pharmacy outlets in 17 states. 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. In late 2015, Walgreens announced that it would acquire Rite Aid for $17.2 billion pending approval. Rite Aid is publicly traded on the New York Stock Exchange under the symbol RAD. Insiders have purchased a total of 14,350 RAD shares in the last 24 months for a total of 199,895.50 bought. 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. ![]() ![]() Shares have lost about 7 in that time frame, underperforming the S&P 500.Will the recent negative. 148 in the Fortune 500 list of the largest United States corporations by total revenue. A month has gone by since the last earnings report for Rite Aid (RAD). It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. A stock valuation and forecasting report include rating, fair value assessment, return forecasts, market ratio-based valuations and comparable analysis. Rite Aid Corporation (NYSE:RAD) shares, rose in value on Wednesday, 05/24/23, with the stock price down by -3. Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania.
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