Last week Rite Aid Corporation (NYSE:RAD) announced that it has signed an expanded distribution agreement McKesson Corp., a health care services and information technology company and long-time partner with Rite Aid. The new five-year deal is intended to drive greater supply chain efficiencies for both companies. Rite Aid Corporation (NYSE:RAD) stock opened at $6.58 in last session, and closed at $6.53 by losing -2.10%. The 52 week range of $1.57 – $6.87. Company’s market capitalization is $6.13B.
J.C. Penney Company (NYSE:JCP) will be announcing its Q413 earnings results on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.76) per share and revenue of $3.94 billion for the quarter. J.C. Penney Company, Inc. (NYSE:JCP) stock decreased -7.27% and finished the last session at $5.23. The EPS of the stock remained -8.70. Company’s market capitalization is $1.32B.
Activist investor, Carl Icahn blasted eBay Inc. (NASDAQ:EBAY) in a new letter to his fellow shareholders citing that the e-commerce giant has a blatant “complete disregard for accountability.” He emphasized that multiple lapses in eBay’s corporate governance exist such as conflicts of interest, which could put its future in jeopardy. eBay Inc. (NASDAQ:EBAY) stock opened the session at $55.10, and closed the session at $56.30. The 52 week range of the eBay Inc. (NASDAQ:EBAY) stock remained $48.06 – $58.04 and the day range was $54.88 – $56.73.
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