|Bid||2.47 x 100|
|Ask||2.49 x 1600|
|Day's Range||2.41 - 2.49|
|52 Week Range||2.21 - 8.77|
|PE Ratio (TTM)||-38.91|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
There’s been a lot of drama in the merger between Rite Aid Corporation (NYSE:RAD) and Walgreens Boots Alliance Inc (NASDAQ:WBA). As doubts lingered about whether the Federal Trade Commission would approve the deal, RAD stock continued to sink to new lows. WBA management took matters into its own hands and began reworking the deal with RAD, agreeing to pay a $325 million termination fee.
Since being left at the altar by Walgreens Boots Alliance Inc (NASDAQ:WBA) last month, Rite Aid Corporation (NYSE:RAD) has looked like a dead company walking to investors, losing one-third of its value. RAD stock investors seem to believe, as we were led to believe, that Walgreens has picked the bones of Rite Aid clean and that what is left is not worth looking at. Or might a strategic buyer, public or private, be found that can make lemonade out of this lemon?