Why Rite Aid's Q4 Earnings Caused the Stock to Tank More Than 20%

Rite Aid Corporation (NYSE: RAD) stock could be causing whiplash for investors this year. In less than five months, the pharmacy chain's shares have had eight double-digit-percentage swings. And now you can add another one to the list.

The company announced its fiscal 2020 fourth-quarter and full-year results before the market opened on Thursday. Rite Aid's shares promptly plunged more than 20%. Here's why investors didn't like the pharmacy retailer's Q4 update.

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Source Fool.com