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NEW YORK — "Rite Aid is back!” That’s what Jim Cramer told viewers during the “Lightening Round” portion of his “Mad Money” investment advice program on Wednesday on CNBC.
When asked by a caller his opinion on Rite Aid stock, Cramer enthusiastically replied, “Rite Aid is good. … It is an okay situation. The group is strong. Rite Aid is back!”
As of midday trading on Thursday, Rite Aid’s stock was trading at $3.58, up about 3%.
Click below to see the segment from Wednesday's show.
If you can't see the video, click here.