Rite Aid Is Down 25%

Rite Aid Corporation RAD shares are trading lower by $1.00 at $2.93 in Thursday's session.

Before the open, the modified terms of its deal with Walgreen Boots Alliance WBA were announced and it's not favorable for Rite Aid shareholders.

After a much lower open, the stock managed only a 4-cent bounce to $3.12 before continuing its move lower. It has continued to make new lows for the session as the current one stands at $2.88. That eclipses it former low of the move from June 16, when it bottomed at $2.90 and managed a nice rebound to the $4.00 area.

Rite Aid's stock is now trading at levels not seen since July 2013, when it bottomed at $2.67.