Walgreen (WAG): Stock With Unusual Social Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Walgreen ( WAG) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Walgreen as such a stock due to the following factors:

  • WAG has 10x the normal benchmarked social activity for this time of the day compared to its average of 17.32 mentions/day.
  • WAG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.0 billion.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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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 23.6. Currently there are 13 analysts that rate Walgreen a buy, 2 analysts rate it a sell, and 5 rate it a hold.

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