Drug Retail

Graymark Healthcare, Inc. (Nasdaq: GRMH) has closed the previously announced sale of substantially all the assets of its ApothecaryRx's retail pharmacy business to Walgreens Co. (NYSE: WAG) (Nasdaq: WAG). ApothecaryRx operated 18 pharmacies across five states. The transaction allows Graymark to...

Cardinal Health (NYSE: CAH) today announced the early renewal of its distribution agreement with Walgreens (NYSE: WAG) to supply pharmaceuticals to its national network of retail pharmacies. The new agreement extends into 2013. "Walgreens is a valued partner for Cardinal Health, and we are proud to...

Goldman Sachs has a Buy rating and a $41 price target on CVS Caremark Corporation (NYSE: CVS). In a note sent to investors Goldman writes, "We like the PBM asset, despite challenges from channel conflict. We see stabilization in PBM operations, and prospects for a sharp turn in 2012; our 2012E...

Standpoint Research has downgraded shares of Walgreen Company (NYSE: WAG) from Buy to Hold today. The stock has gained 30% in the last 90 days compared to a 15% gain for CVS Caremark (NYSE: CVS) and 13% for the S&P 500. Standpoint analyst Ronnie Moas wrote, "the shares are now fairly valued at...

Rite Aid Corporation (NYSE: RAD) said today that it will release financial results for its Third Quarter, which ended November 27, 2010, on Thursday, December 16, 2010. The company will hold an analyst call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time) with remarks by Rite Aid's management...

CVS Caremark (NYSE: CVS) appointed Hank Mullany as President of CVS/Pharmacy effective December 6. Mr. Mullany was the former EVP and President of Walmart North and was responsible for 1,300 stores across 19 states. He will succeed Larry Merlo, President and COO, CVS Caremark, who will be taking...

Citi Investment Research has a Sell rating and a $31 price target on Walgreen Co (NYSE: WAG), despite November same-store-sales beating their expectations. In a note sent to clients, Citi writes, "WAG reported total Nov. SSS of 3.2%, above our 0 to 2% estimate, consensus of 1.7%, and vs. 3.9% LY....

Rite Aid Corp. (RAD), one of the nation's leading drugstore chains, reported yet another month of poor same-store sales. After falling 1.7% in October 2010, same-store sales slipped by 1.3% in November. This marks the 18th consecutive month of decline -- since May 2009, when it had registered...

Rite Aid Corp. (RAD), one of the nation's leading drugstore chains, reported yet another month of poor same-store sales. After falling 1.7% in October 2010, same-store sales slipped by 1.3% in November. This marks the 18th consecutive month of decline -- since May 2009, when it had registered...

Walgreens (NYSE: WAG)(NASDAQ: WAG) had November sales of $5.83 billion, an increase of 8.6 percent from $5.36 billion for the same month in 2009. Duane Reade stores, acquired in April 2010, contributed 2.8 percentage points to the total sales increase for the month. Sales in comparable stores (...

Rite Aid Corporation (NYSE: RAD) today announced sales results for November. For the five weeks ended November 27, 2010, same store sales decreased 1.3 percent over the prior-year period. November front-end same store sales increased 1.3 percent while pharmacy same store sales, which included an...

China Nepstar Chain Drugstore Ltd. (NYSE: NPD) announced today the resignation of its Chief Financial Officer, Mr. William Weili Dai, effective November 30, 2010. Mr. Dai is leaving Nepstar due to personal reasons.

Cusick's Corner Finance took the lead into the After Hours and the market followed. With Finance showing leadership and the cold weather hitting, we saw the Energy sector, XLE get a boost at the end of the day -- it's another offensive sector that will need to continue its upswing if the bulls...

Cusick's Corner The market is holding up well, anchored by a Finance sector, XLF, which as of late has been a weight on the upside. The range is getting on investors' nerves but the range has been good for traders. Right now you are seeing two dynamics, those who are cashing out and those who are...

Shares of Walgreen Co. (NYSE: WAG) are higher on the session by 0.59%, currently trading at $33.90. Call volume is now running at 2.94x the daily average, with 22% of all calls traded being purchases on the offer. 15,745 call contracts have traded so far during the session. Walgreen Co., together...