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Check out the companies making headlines in midday trading.
Rite Aid — Shares of Rite Aid rallied more than 16% after reporting a quarterly profit of 15 cents per share, smashing analysts' expectations for a quarterly loss of 32 cents per share. The company also announced a store closure program it expects will help it save about $25 million annually.
Citrix Systems — Citrix shares surged 12.8% after Bloomberg reported that Elliott Investment Management and Vista Equity Partners are considering a joint bid for the software maker, which has been exploring options including a potential sale since September.
Braze — The software company Braze saw its shares soar by more than 16% following a quarterly report that included a
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