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Walgreen (WAG) in Focus: Stock Went Up by 5% - Analyst Blog

Posted: 9/13/2013 8:58:00 AM
Referenced Stocks: GNC;HLF;RAD;WAG

Walgreen Co. ( WAG ) was a big mover last session, as the company saw its shares gain 5% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for the company, as the stock is now up nearly 6% in the past one-month time period.

The company has seen 3 negative revisions in the past few weeks and its earnings consensus has moved lower over the past two months, suggesting there could be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent rally can last.

Walgreen currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing drug retailers include GNC Holdings Inc. ( GNC ), Herbalife Ltd. ( HLF ) and Rite Aid Corporation ( RAD ). All these carry a Zacks Rank #2 (Buy).

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