Walgreen Stock Gaps Up On Today's Open (WAG)

NEW YORK ( TheStreet) -- Shares of Walgreen Company (NYSE: WAG) were gapping up Thursday morning with an open price 10.4% higher than Wednesday's closing price. The stock closed at $30.97 Wednesday and opened today's trading at $34.20.

The average volume for Walgreen has been 8.5 million shares per day over the past 30 days. Walgreen has a market cap of $26.35 billion and is part of the services sector and retail industry. Shares are down 6.3% year to date as of the close of trading on Wednesday.

Walgreen Co., together with its subsidiaries, operates a chain of drugstores in the United States. The company has a P/E ratio of 10.6, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Walgreen Ratings Report.

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