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Rite Aid Stock Jumps. The Outlook Impressed Investors.

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Rite Aid’s stock took off after the drugstore chain said it expects to lose less money in the current fiscal year than anticipated. The news overshadowed a bigger-than-expected loss for the latest quarter.

Rite Aid stock (ticker: RAD) was up 2% to $7.65 in premarket trading, after rising as much as 8% earlier. The stock has declined almost 50% year to date.

The…

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