Walgreen Rises On Unusually High Volume (WAG)

NEW YORK ( TheStreet) -- Walgreen Company (NYSE: WAG) is trading at unusually high volume Wednesday with 11.9 million shares changing hands. It is currently at two times its average daily volume and trading up 98 cents (+2.1%) at $47.43 as of 3 p.m. ET.

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Walgreen has a market cap of $42.84 billion and is part of the services sector and retail industry. Shares are up 25.5% year to date as of the close of trading on Tuesday.

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.

TheStreet Ratings rates Walgreen as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. 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.

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