Walgreen Co.’s (NYSE:WAG) comparable store sales declined a little larger-than-predicted 5.8% in the month of May, logging a fifth consecutive bearish month, as the drug-retailer chain’s decline of Express Scripts Holding Co.’s members carried on bearing a charge.
Experts surveyed by Thomson Reuters lately predicted a drop of 5.2%.
In the month May, Walgreen’s same-pharmacy sales declined 8.5%, an inch less than the 9% decline which experts had panic.
A calendar shift optimistically left an affect on pharmacy sales by almost 1.3 percentage points. Although, prescriptions filled were 7.6% lower on the failure of Express Scripts members, which accounted for 10.6 percentage points to the drop.
Its competitors include CVS Caremark Corporation (NYSE:CVS) that slipped -0.39% to $43.94 with the total traded volume of 1.27 million shares and Rite Aid Corporation (NYSE:RAD) that dropped -0.79% to $1.26 with the total traded volume of 1.11 million shares.
Other services stocks with bullish trend include MGM Resorts International (NYSE:MGM) up 3.94% to $10.82, eBay Inc (NASDAQ:EBAY) up 0.57% to $39.38 and Staples, Inc. (NASDAQ:SPLS) up 0.90% to $12.88, whereas with bearish trend include Dollar General Corp. (NYSE:DG) down -3.11% to $46.98, Wal-Mart Stores, Inc. (NYSE:WMT) down -0.30% to $65.79 and CSX Corporation (NYSE:CSX) down -0.20% to $20.30.
Walgreen Company (NYSE:WAG) dropped -1.050% or -$0.32 to trading at $30.19 at 11:21AM EDT following it hit intra day high level of $30.48. The total traded volume in the current trading session is 1.85 million shares as compared to average 6.69 million shares. Its fifty two week trading range is $29.80 – $45.34. The total market capitalization reached $26.05 billion.
The stock price was ahead its 52 week low price with 1.01% and it lagged behind -31.85% from its 52 week maximum mark. Stock price volatility for last month remained 1.76%. In its share capital, the company has 862.75 million outstanding shares out of which 862.43 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.04%.
WAG presented a negative weekly performance of -2.71% with respect to its rate of return and it remained -9.22% for the month. However, the performance for a quarter experienced a negative change of -7.74% and it slumped -27.41% for a year and its year to date performance remained in red with -6.47%.
Current stock price is in the downbeat territory taking into account of 20 days moving average with -5.75% and continued bearsih run for 50 days moving average with -9.27%. Its earning per share for the past twelve months was $2.93. Company’s beta coefficient was at 0.99. Beta measures the amount of market risk associated with market trade.
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