Rite Aid stock surges! Time to get on the band wagon
Rite Aid Stock Surges, Heads For Best Day Since 2019 -- WSJ
There's another distressed company whose shares are rallying.Rite Aid's stock is up more than 30% on Wednesday, on pace for its biggest one-day percentage gain since December 2019. Shares were up nearly 70% on the day at Ride Aid's intraday high.The stock is still down about 80% from its 52-week closing high of $11.08 notched in August 2022.Read more about the challenges Rite Aid is facing:. This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .