Walgreen Target of Unusually High Options Trading (WAG)
Walgreen (NYSE:WAG) saw unusually large options trading on Monday. Stock traders purchased 19,445 call options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 266% compared to the typical daily volume of 5,319 call options.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. set a $63.00 price target on shares of Walgreen (NYSE:WAG) in a research note to investors on Monday. Separately, analysts at Mizuho raised their price target on shares of Walgreen (NYSE:WAG) from $58.00 to $62.00 in a research note to investors on Wednesday, September 25th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley upgraded shares of Walgreen (NYSE:WAG) from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 23rd. They now have a $70.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $56.23.
Walgreen (NYSE:WAG) traded down 1.30% on Monday, hitting $53.80. The stock had a trading volume of 9,627,686 shares. Walgreen has a 1-year low of $31.88 and a 1-year high of $56.84. The stock’s 50-day moving average is $51.1 and its 200-day moving average is $49.02. The company has a market cap of $50.841 billion and a price-to-earnings ratio of 23.85.
Walgreen Co (NYSE:WAG), together with its subsidiaries, operates the drugstore chain in the United States.
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