Stock splits

FILE- In this Aug. 9, 2018, file photo the logo for Rite Aid is displayed above a trading post on the floor of the New York Stock Exchange. Rite Aid will chop its share count by about 95% to make the remaining shares valuable enough to remain on the New York Stock Exchange. The struggling drugstore chain’s board has approved a 1-for-20 ratio for a reverse stock split that shareholders backed in a vote last month. That will cut the company’s share count from nearly 1.1 billion to about 54 million. (AP Photo/Richard Drew, File)
April 11, 2019 - 8:23 am
Rite Aid will chop its share count by about 95% in a bid to push the remaining shares above minimum trading requirements on the New York Stock Exchange. The board of the struggling drugstore chain approved a 1-for-20 ratio for a reverse stock split after shareholders did the same last month. That...
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