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Traders Buzz: BlackBerry Ltd (NASDAQ:BBRY), Groupon Inc (NYSE:GRPN), Rite Aid Corporation (NYSE:RAD)

Groupon Inc (NYSE:GRPN)’s shares jumped 4.47% to $6.78. The company on June 23 launched a deal for admission to one of the most celebrated local summer destinations, the John Ball Zoo in Grand Rapids. There are two options available — $12 for admission for two or $24 for admission for four — and the deal can be found at www.groupon.com/deals/john-ball-zoo. The zoo’s commitment to engaging and educating the community makes it the perfect family outing.

There Is One Better Stock Than GRPN? Let’s Find Out Here

BlackBerry Ltd (NASDAQ:BBRY)’s shares dropped 2.77% to $9.84. The company on June 19 reported financial results for the three months ended May 31, 2014. Revenue for the first quarter of fiscal 2015 was $966 million, down $10 million or 1% from $976 million in the previous quarter. GAAP net income for the first quarter was $23 million, or $0.04 earnings per share (“EPS”). The net income includes non-cash income associated with the change in the fair value of the Debentures of $287 million (the “Q1 Fiscal 2015 Debentures Fair Value Adjustment”) and pre-tax restructuring charges of $226 million related to the Cost Optimization and Resource Efficiency (“CORE”) program. Excluding these items, adjusted loss for the first quarter was $60 million, or $0.11 per share.

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Rite Aid Corporation (NYSE:RAD)’s shares declined 0.71% to $7.03. Rite Aid Corporation and global healthcare leader Heritage Provider Network (HPN), on June 24 announced they have entered into an agreement to bring the Rite Aid Health Alliance program to HPN’s chronic and poly-chronic patients across Southern California.

 RAD Move Over there is a new social media stock in town. Read more here

Additionally, RAD on June 19 said its fiscal first-quarter profit dropped 55 percent as it dealt with higher-than-expected drug costs and reimbursement rate reductions. Its earnings matched analysts’ expectations, while revenue was slightly above of Wall Street’s view. For the period ended May 31, the company reported net income attributable to common stockholders of $41.4 million, or 4 cents per share. A year earlier it earned $91 million, or 9 cents per share. Analysts expected earnings of 4 cents per share. Revenue climbed 3 percent to $6.47 billion from $6.29 billion.




Joe Dashiell was raised in the Twin Cities and is a graduate of the University of St. Thomas. During his free time, he enjoys volunteering and being with friends and family. He is an avid fan of movies and loves to write, shoot, and edit them in his spare time. He is also a musician at heart and plays piano and guitar. He began his journalism career when he was 15-years-old. He and a group of friends competed in NASA's Student Journalism Competition. After winning the National 1st Prize, they were flown out to the Johnson Space Center in Houston Texas to present their project. Shortly afterwards he realized that he wanted to be a journalist.