Rite Aid Stock Surges, Heads For Best Day Since 2019 -- WSJ

Dow Jones2023-08-03

By Hannah Miao

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.

Meanwhile, Tupperware shares are sinking today .

Read more about the challenges Rite Aid is facing:

NOTE: In-line links reference additional content of interest chosen by the WSJ news team.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

August 02, 2023 13:45 ET (17:45 GMT)

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