Rite Aid Corporation Stock News

Many once great stocks have lost their shine. Blue-chip companies that for years were reliable winners in the market have fallen on hard times and their share prices have steadily eroded.

Executives in any business can learn from the pharmacy giant's collapse.

The list of over-the-counter eye drops that the Food and Drug Administration warns could lead to serious infections continues to grow, with the federal regulatory agency now warning about Walmart products as well.

The FDA is telling consumers to avoid two dozen eye drop products sold at major retailers including CVS and Rite Aid, because they could cause eye infections and potentially lead to vision loss.

Workers at pharmacy companies CVS (NYSE: CVS ), Walgreens (NASDAQ: WBA ) and RiteAid (OTCMKTS: RADCQ ) have staged a strike that has them walking out on the businesses for three days to highlight working conditions The strikes at CVS, Walgreens and RiteAid are focused on unsafe working conditions. Employees of these companies are focusing on how understaffed locations are, requiring a daunting ...

These pharmacy retailers have a lot in common, as both have struggled to stay out of the red. Walgreens remains unprofitable, but it is making efforts to reduce even more costs.

CVS Health can derive strong synergy benefits from their pharmacies, health insurance, and PBM businesses. CVS Health's debt load is manageable and offers the opportunity to acquire a number of Rite Aid drugstores. However, there is a big shark lurking: Amazon Pharmacy.

So far this year, companies filing for bankruptcy are twice that of 2022, and a hair short of pandemic 2020. The biggest group of filers: consumer-discretionary companies, like Rite Aid.