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4 Penny Stocks To Watch With High Short Interest In January 2023

The Zacks Retail Pharmacy and Drugstore industry players like CVS, WBA and RAD are likely to gain despite reimbursement challenges hurting the overall industry health.

3 Retail Pharmacy and Drugstore Stocks to Watch Amid Industry Headwinds

Rite Aid (RAD) reported earnings 30 days ago. What's next for the stock?

Why Is Rite Aid (RAD) Down 7% Since Last Earnings Report?

Rite Aid Corporation is a name that is very familiar to arbitrageurs because of its history of failed mergers. Rite Aid recently announced that Heyward Donigan, the company's President and Chief Executive Officer, had stepped down, effective immediately.

C-Suite Transitions: Rite Aid CEO Departs Abruptly

Rite Aid (RAD) is reeling under elevated expenses. Yet, online strength, led by expanded delivery services, increased non-COVID prescriptions, and cost-saving initiatives, are likely to aid.

Can Rite Aid (RAD) Get Back on Track Via Solid Growth Efforts?

Rite Aid experienced a leadership shakeup as the pharmacy change announce CEO Heyward Donigan's exit and the appointment of an interim chief executive.

Rite Aid announces Heyward Donigan exit, appointment of interim CEO

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and general merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retail pharmacies and clinics; and offers healthcare services, including administering immunizations for COVID-19, the flu, shingles, and others; assists its customers with high blood pressure, cholesterol, and diabetes; provides guidance on combating obesity and tobacco addiction; and educates customers on managing medications and potential side effects. In addition, this segment offers healthcare coaching and disease management services to health plans and employers. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. As of February 26, 2022, the company operated 2,450 retail pharmacy locations in 17 states. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania.