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Rite Aid Sales Rise; Stock Does the Same
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Investors have taken a run to Rite Aid(RAD Quote) today to pick up a few shares of the company's stock.
The chain saw shares jump 9% to $1.51 in morning trading, despite slightly missing Wall Street's same-store sales expectations.
Rite Aid posted a .6% rise in May same-store sales, receiving a lift from pharmacy sales. Analysts expected a .8% lift during the month. ...
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