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CAMP HILL, Pa. - Rite Aid's financial situation appears to be looking up. Analysts now don't expect that the chain will have to execute a reverse stock split. Rite Aid shares have been trading above $1 since May 11 and reached a high of $1.74 on June 5, and while shares have dipped slightly since that June 5 high, they're not expected to drop below $1 again.
Rite Aid's improved share price and...
