Safeway Rises On Unusually High Volume (SWY)

NEW YORK ( TheStreet) -- Safeway (NYSE: SWY) is trading at unusually high volume Thursday with 12.2 million shares changing hands. It is currently at two times its average daily volume and trading up $1.58 (+6.4%) at $26.23 as of 3:50 p.m. ET.

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Safeway has a market cap of $5.98 billion and is part of the services sector and retail industry. Shares are up 36.3% year to date as of the close of trading on Wednesday.

Safeway Inc., together with its subsidiaries, operates as a food and drug retailer in North America.

TheStreet Ratings rates Safeway as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full Safeway Ratings Report.

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