Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Walgreen Company (NYSE: WAG) is trading at unusually high volume Tuesday with 13.4 million shares changing hands. It is currently at two times its average daily volume and trading up $2.32 (+5.5%) at $44.76 as of 12:01 p.m. ET.
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Walgreen has a market cap of $40.24 billion and is part of the services sector and retail industry. Shares are up 14.6% year to date as of the close of trading on Monday. Walgreen Co., together with its subsidiaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, as well as through mail, and by telephone and online. The company has a P/E ratio of 19.2, above 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 solid stock price performance, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. 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. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.