Why Shares of Rite Aid Surged 18% Today
As of 3:35 p.m. on Monday, shares of Rite Aid (NYSE: RAD) had traded up as much as 17.6%. While investors have been concerned with the company's long-term prospects for much of the last year, they cheered the news that Rite Aid is expanding the availability of its COVID-19 testing to more sites.
A full 24 Rite Aid locations now offer testing across eight states, in what the company calls "key hot spots."
Image source: Getty Images.
Source Fool.com
