Categories AlphaGraphs, Other Industries

Rite Aid stock tanks to multi-year low after new CEO takes the helm

Drugstore chain Rite Aid’s (NYSE: RAD) shares experienced a negative trend after the company appointed Heyward Donigan as its CEO on August 12, Monday. Rite Aid stock, which closed at $7.19 last Friday, has been continuously declining and it tumbled to a multi-year low ($5.29) in today’s regular trading session. The stock had dropped 25% so far from Friday’s closing price.

Rite Aid stock tanks to multi-year low after new CEO takes the helm

On Monday, Rite Aid named Heyward Donigan as CEO with immediate effect. As planned, John Standley stepped down from his role. Most recently, Donigan served as the CEO of Sapphire Digital, which designs and develops omnichannel platforms that help consumers choose their best fit healthcare providers. Since 2015, Donigan led Sapphire Digital’s strategy and operations to record growth and consumer engagement.

Read: Dillard’s (DDS) stock sinks to a new 52-week low as Q2 loss widens and sales drop

The Camp Hill, Pennsylvania-based firm also announced that Ms. Donigan will be granted an employment inducement award, consisting of a restricted stock award with a grant date fair value equal to $2 million and non-qualified stock options with a grant date fair value equal to $2 million.

Related: Rite Aid (RAD) stock plunges to a 9-year low

“Today’s announcement is an important step in positioning Rite Aid for the future, and we are confident that Heyward is the right person to lead the company in capitalizing on the opportunities in the evolving healthcare environment,” said Bruce Bodaken, Rite Aid’s Chairman.

When Rite Aid reported its first quarter 2020 results in June, its bottom line and top-line results missed consensus estimates and the stock slipped 10% immediately after the earnings announcement. Rite Aid’s loss expanded in the recently ended quarter on flat revenue.

Then CEO John Standley stated that first quarter results did not meet the company’s views due to prescription reimbursement rate pressure in the Retail Pharmacy segment and margin compression in the Pharmacy Services segment.

Rite Aid (RAD) Q1 2020 earnings results

The troubled pharmacy operator has been struggling for a long time. The margins have been under pressure from the high costs and muted sales growth. Rite Aid is also hurt by competition from online pharmacy retailers.

The operational crisis and a couple of failed merger deals had kept the company in the negative zone for more than two years. Rite Aid stock, which dropped 7.75% to $5.36 today, had slumped 62% so far this year and 80% in the past 12 months. Winning investors’ confidence is going to be a herculean task for the new CEO Heyward Donigan.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

Most Popular

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts' expectations. Earnings, excluding non-recurring items, came in at $10.96 per

Key takeaways from Oracle’s (ORCL) Q4 2024 earnings report

Oracle Corporation’s (NYSE: ORCL) stock rallied this week after the company announced large cloud infrastructure deals with tech giants Google, OpenAI, and Microsoft. The demand for Oracle's generative AI infrastructure

ZDGE Earnings: Zedge reports higher revenues and adj. profit for Q3 2024

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported higher net income for the third quarter of 2024, on an adjusted basis. The bottom line benefitted from a double-digit


  1. Pingback: madridbet
  2. Pingback: lucky land casino
  3. Pingback: ivermectin 10 mg
  4. Pingback: stromectol 0 5 mg
  5. Pingback: child porn
  6. Pingback: ivermectin use
  7. Pingback: ivermectin humans
  8. Pingback: madridbet
  9. Pingback: meritroyalbet
  10. Pingback: bahis siteleri
  11. Pingback: meritroyalbet
  12. Pingback: 1pattern
  13. Pingback: A片
  14. Pingback: meriking
  15. Pingback: madridbet
  16. Pingback: meritking
  17. Pingback: grandpashabet
  18. Pingback: fuck google
  19. Pingback: sikiş
  20. Pingback: ABCD 1
  21. Pingback: mpo01 slot
  22. Pingback: qq1221
  23. Pingback: coinbase
  24. Pingback: Fes Desert Tours
  25. Pingback: gox login
  26. Pingback: 投資ブログ
  27. Pingback: lolpix
  28. Pingback: m88 bet
  29. Pingback: bolavita slot
  30. Pingback: 스포츠중계
  31. Pingback: 헐크티비
  32. Pingback: starved rock
  33. Pingback: free slot meaning
  34. Pingback: koitoto
  35. Pingback: crm tools
  36. Pingback: eljoystick
  37. Pingback: slot pragmatic
  38. Pingback: poker idn
  39. Pingback: f1 ferrari sainz
  40. Pingback: idn poker
  41. Pingback: zapier vs ifttt
  42. Pingback: agencuan rtp
  43. Pingback: slot dana
  44. Pingback: Bucket List Ideas
  45. Pingback: pg slot
  46. Pingback: 1x2 judi bola
  47. Pingback: link slot gacor
  48. Pingback: indobet slot
  49. Pingback: mahjong online
  50. Pingback: slot gacor
  51. Pingback: pragmatic88
  52. Pingback: sport388
  53. Pingback: sbobet asia
  54. Pingback: sbobet asia
  55. Pingback: time slot meaning
  56. Pingback: slot nigeria
  57. Pingback: maxwin138
  58. Pingback: slot5000 login
  59. Pingback: hacked games download
  60. Pingback: book of dead slot demo bonus buy
  61. Pingback: fachai slot demo
  62. Pingback: porn
  63. Pingback: cusat news today
  64. Pingback: masters tickets
  65. Pingback: best online slots
  66. Pingback: meritking giriş
  67. Pingback: tại vn88
  68. Pingback: codashop india
  69. Pingback: aso services india
  70. Pingback: meritking
  71. Pingback: metabolisme adalah
  72. Pingback: slot terbaru
  73. Pingback: slot gacor 777
  74. Pingback: copyleaks
  75. Pingback: JPEX 交易所
  76. Pingback: JPC 潛力
  77. Pingback: roulette simulator
  78. Pingback: child porn
  79. Pingback: grandpashabet
  80. Pingback: meritking
  81. Pingback: izmir escort
  82. Pingback: fuck google
  83. Pingback: child porn
  84. Pingback: porn
  85. Pingback: porn
  86. Pingback: sex
  87. Pingback: smkn 1 takengon
  88. Pingback: porn
  89. Pingback: Link posjitu online
  90. Pingback: smkn 1 takengon
  91. Pingback: kiropterogami adalah
  92. Pingback: filsafat adalah
  93. Pingback: çeşme transfer
  94. Pingback: hd porno izle
  95. Pingback: izmir travesti
  96. Pingback: sikiş
  97. Pingback: yasam ayavefe
  98. Pingback: grandpashabet
  99. Pingback: grandpashabet
  100. Pingback: grandpashabet
  101. Pingback: child porn
  102. Pingback: yasamayavefe
  103. Pingback: cratosroyalbet
  104. Pingback: child porn
  105. Pingback: porn
  106. Pingback: child porn
  107. Pingback: child porn
  108. Pingback: mawartoto login
  109. Pingback: slot gacor
  110. Pingback: Rajabandot Daftar
  111. Pingback: Rajabandot Login
  112. Pingback: Rajabandot
  113. Pingback: bonanzaslot88
  114. Pingback: mawartoto daftar
  115. Pingback: Toto Macau
  116. Pingback: naga slot 777
  117. Pingback: situs slot
  118. Pingback: sbobet wap
  119. Pingback: alternatif
  120. Pingback: RAJABANDOT
  121. Pingback: SBOBET link alternatif 2024
  122. Pingback: SOLT members
  123. Pingback: Situs Gacor Hari ini
  124. Pingback: crazy games
  125. Pingback: BRRI4D
  126. Pingback: NEKO4D
  127. Pingback: Piala88
  128. Pingback: Maramulla seeds
  129. Pingback: jojobet
  130. Pingback: Pulaujudi
  131. Pingback: Autoapprove List
  132. Pingback: Situs togel 88
  133. Pingback: koko5000
  134. Pingback: Toto togel
  135. Pingback: jojobet twitter
  136. Pingback: Situs togel slot
  137. Pingback: hometogel
  138. Pingback: Slot gacor rtp
  139. Pingback: partai togel
  140. Pingback: rupiahtoto
  141. Pingback: shroom chocolate
  142. Pingback: partaitogeltoto12
  143. Pingback: Rupiahtoto
  144. Pingback: Situs togel 88
  145. Pingback: delima 88
  146. Pingback: Sortotoxyz
  147. Pingback: olxtoto daftar
  148. Pingback: hondatoto
  149. Pingback: olx toto
  150. Pingback: olxtoto daftar
  151. Pingback: JILI Jackpot
  152. Pingback: gasbos slot
  153. Pingback: toto12 login
  154. Pingback: Casino live747
  155. Pingback: toto12 daftar
  156. Pingback: toto12
  157. Pingback: Cresus Casino
  158. Pingback: 토토 배팅법
  159. Pingback: khlaphx
  160. Pingback: data macau
  161. Pingback: Togel Hongkong
  162. Pingback: Koitoto
  163. Pingback: time slot
  164. Pingback: Slot 777 online
  165. Pingback: Slot 777 download
  166. Pingback: adamtoto 11
  167. Pingback: Slots game
  168. Pingback: pilar pl
  169. Pingback: time slot
  170. Pingback: situs opa777
  171. Pingback: opa 777
  172. Pingback: Slot gacor Maxwin
  173. Pingback: ligaciputra 77
  174. Pingback: Media hiburan
  175. Pingback: lupa sandi slot
  176. Pingback: toto brand
  177. Pingback: situs opa777
  178. Pingback: iblbet slot
  179. Pingback: Jenis Permainan
  180. Pingback: spbo livescore cz
  181. Pingback: BENTO4D
  182. Pingback: Live Casino
  183. Pingback: rtp prada4d
  184. Pingback: Toto Togel 5D
  185. Pingback: BENTO4D
  186. Pingback: Meriah4d
  187. Pingback: 슬롯나라
  188. Pingback: Meriahtoto
  189. Pingback: mega888 v1.0 apk
  190. Pingback: Slots 777
  191. Pingback: Slot gacor Maxwin
  192. Pingback: Slot88
  193. Pingback: child porn
  194. Pingback: GEBYAR4D
  195. Pingback: meriah 4d
  196. Pingback: Gangtok International Film Festival
  197. Pingback: slot 123 login
  198. Pingback: goldenbet casino
  199. Pingback: Keluaran SDY
  200. Pingback: Data SDY
  201. Pingback: slot gacor
  202. Pingback: toto toilet
  203. Pingback: child porn
  204. Pingback: toto india

Comments are closed.


Add Comment
Viewing Highlight