FILE- In this Aug. 9, 2018, file photo the logo for Rite Aid is displayed above a trading post on the floor of the New York Stock Exchange. Rite Aid will chop its share count by about 95% to make the remaining shares valuable enough to remain on the New York Stock Exchange. (Richard Drew, File/Associated Press)Rite Aid will chop its share count by about 95% in a bid to push the remaining shares above minimum trading requirements on the New York Stock Exchange. Rite Aid shares slid below $1 in December, prompting a removal warning from the NYSE. Rite Aid has struggled, like much larger competitors CVS Health and Walgreens, with reimbursement cuts and declining profitability from generic drugs.

Source: Washington Post April 11, 2019 12:22 UTC