Has Rite Aid Stock Finally Bottomed Out?
There's an old adage among investors: Don't try to catch a falling knife.
Rite Aid (NYSE: RAD) stock has been a textbook example of a falling knife. Shares of the embattled pharmacy chain have plunged more than 70% so far in 2017. The decision by Walgreens Boots Alliance (NASDAQ: WBA) to throw in the towel on its plans to acquire Rite Aid has left once-optimistic shareholders reeling.
But while attempting to catch a falling knife isn't a smart idea, picking one up off the ground could be. Some investors have determined that Rite Aid stock is now a bargain buy. The big question remains, though: Has Rite Aid stock finally bottomed out?
Source: Fool.com
Walgreens Boots Alliance Inc. Stock
€14.86
0.680%
Our community is currently low on Walgreens Boots Alliance Inc. with 3 Buy predictions and 5 Sell predictions.
However, we have a potential of 115.37% for Walgreens Boots Alliance Inc. as the target price of 32 € is above the current price of 14.86 €.
