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Why Rite Aid Stock Jumped 44% Last Month

TheMotleyFool

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Why Rite Aid Stock Jumped 44% Last Month

Shares of Rite Aid (NYSE: RAD) were climbing last month as the company announced a rebranding plan and benefited from vaccine news, as the company is poised to be a major destination for Americans to get the coronavirus vaccine. That news was enough to overcome headwinds around the launch of Amazon Pharmacy, and the stock finished the month up 44%, according to data from S&P Global Market Intelligence.