RAD up 9%. Activist investors? Management shakeup?

Shares of Rite Aid Corp (RAD) are trading 9% higher at a price of $8.29 at the time of this writing.

The embattled pharmacy chain is swirling in a whirlwind of news. There is speculation that the company is being targeted by activist investors. Additionally the company announced plans to shuffle it's management team, which could tie into activities with activist investors. The stock is seeing an uptick in volume of trades amidst the news.

Rite Aid Corp has been trading between a 52-week high of $19.22 and a 52-week low of $4.68. The stock has a market cap of $461 Million.

Rite Aid Corporation is on the front lines of delivering healthcare services and retail products to more than 1.6 million Americans daily. Our pharmacists are uniquely positioned to engage with customers and improve their health outcomes. The company provides an array of whole being health products and services for the entire family through over 2,400 retail pharmacy locations across 17 states.