Drug Stores Get Strength- Rite Aid (RAD), CVS Caremark (CVS), Walgreen (WAG)
Rite Aid Corporation (NYSE:RAD) [Trend Analysis] was on the edge of insolvency just a few years back, but now it has made a remarkable turnaround since then. Rite Aid has rose back to profitability with several impressive earnings beats. Rite Aid Corporation (NYSE:RAD) after opening at $8.05 hit its intraday high price of $8.08 moreover then finished at $7.72 by shares dropped -1.91%. At Wall Street for latest quarter, the consensus average estimates of street for the revenue are 6.43B, at the same time as 9 experts forecast 6.45B revenues for the next three months of 2014.
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Walgreen Company (NYSE:WAG) [Trend Analysis] has shaped constantly strong financial performance over the previous several years, as well as there is no slowdown at all in May. On the contrary, sales growth appears to be accelerating as the firm leaves the unusually cold winter behind. Walgreen declared that a 3 percent surge total in front-end sales during the month, while similar-store front-end sales rose 2.6%. Walgreen Company (NYSE:WAG) settled at $75.03 after decreased -0.75% with around 4.97M traded volume in most recent session. Its fifty-two week range was $43.31 -$75.84. The recommendation trend from street professionals are, stock rated at “buy” by 10 analysts, while no analyst rates as a “sell” security.
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CVS Caremark Corporation (NYSE:CVS) [Trend Analysis] will release its second quarter results on Jul 28, 2014. The firm through its wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates in the United States based on the number of video customers. CVS Caremark Corporation (NYSE:CVS) reported the gain of 0.38% and closed at $78.92 with the total traded volume of 2.98M shares. Its market capitalization was $92.28B. The stock owned by the Financial Institutions was 87%. The company’s shares have gain +4.03% in last 30 days and +7.40% in previous three months, compared to an increase of +3.94% and +3.79% in the S&P 500 during the respective periods.
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