Rite Aid regains NYSE compliance

CAMP HILL, Pa. — Rite Aid has regained compliance with the New York Stock Exchange’s share price-listing requirements, the retail pharmacy chain said Tuesday.

The 4,700-store chain regained compliance after its closing share price and average closing share price for the 30 days ended Monday were both above $1.

Companies that trade on the exchange are threatened with delisting if the average closing price of their shares falls below $1 over a consecutive 30-day trading period.