Rite Aid’s board approved a “reverse stock split” at a ratio of 1-for-20 in an effort to keep the company’s stock from being delisted by the New York Stock Exchange.
Rite Aid Board Approves Reverse Stock Split To Avoid NYSE Delisting
Rite Aid’s board approved a “reverse stock split” at a ratio of 1-for-20 in an effort to keep the company’s stock from being delisted by the New York Stock Exchange.