Walgreen (WAG) Trading With Heavy Volume Before Market Open

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Trade-Ideas LLC identified Walgreen ( WAG) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Walgreen as such a stock due to the following factors:

  • WAG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $557.9 million.
  • WAG traded 1.0 million shares today in the pre-market hours as of 7:37 AM, representing 11.6% of its average daily volume.

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More details on WAG:

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 stock currently has a dividend yield of 1.8%. WAG has a PE ratio of 24.1. Currently there are 13 analysts that rate Walgreen a buy, 2 analysts rate it a sell, and 5 rate it a hold.

The average volume for Walgreen has been 5.5 million shares per day over the past 30 days. Walgreen has a market cap of $67.5 billion and is part of the services sector and retail industry. The stock has a beta of 1.18 and a short float of 2.2% with 2.06 days to cover. Shares are up 25.5% year-to-date as of the close of trading on Monday.

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