Rite Aid Hopes to Draw In Everyday Investors to Revive Its Shares
A Rite Aid store in Oakland, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Rite Aid Corp. is hoping that the current iteration of meme-stock mania can provide a boost for its beaten-down shares.
The pharmacy chain, which has seen its stock decline by about 38% over the past year, plans to host a virtual event catering to retail investors on Aug. 24, according to a statement. Its chief executive and head of finance are slated to appear.