RTTNews | Jun 22, 2021 10:20AM EDT

10:20 Tuesday, June 22, 2021 (RTTNews.com) - Shares of Rite Aid Corp. (RAD) are slipping near 4% on Tuesday morning despite no stock-related news to hurt shares. However, the company is expected to report its first-quarter results on Thursday, June 24.

RAD is currently trading at $19.86, down $0.81 or 3.89%, on the NYSE. For the 52-week period, the company has traded between $8.86 and $32.48.

Wall Street analysts expect a year-over-year increase in profit for the first quarter, driven by higher revenues. The drug store chain are projected to report earnings of $0.32 per share on revenues of $6.19 billion for the quarter ended on May 29.

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