NEW YORK, December 22, 2016 /PRNewswire/ --
This morning, Stock-Callers.com tracks the performances of four Services equities to see how they have fared over the last few trading sessions. Under evaluation are Rite Aid Corp. (NYSE: RAD), Walgreens Boots Alliance Inc. (NASDAQ: WBA), GNC Holdings Inc. (NYSE: GNC), and Cardinal Health Inc. (NYSE: CAH). According to figures released on Monday, December 19th, 2016, growth in the US Services sector unexpectedly eased in December to a three-month low, with Markit's flash services business activity index edging lower to 53.4 points this month from 54.6 points in November - below economists' expectations of 55.2 points. Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Camp Hill, Pennsylvania headquartered Rite Aid Corp. recorded a trading volume of 23.89 million shares, which was above their three months average volume of 17.53 million shares. The stock ended the day at $8.47, declining 1.63% from the last trading session. The Company's shares have advanced 9.43% in the last one month, 4.31% in the previous three months, and 8.04% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.65% and 10.85%, respectively. Furthermore, shares of Rite Aid, which through its subsidiaries, operates a chain of retail drugstores in the US, have a Relative Strength Index (RSI) of 63.15.
On December 20th, 2016, Walgreens Boots Alliance and Rite Aid announced that they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred's, Inc. for $950 million in an all-cash transaction. Sign up and read the free research report on RAD at:
Walgreens Boots Alliance
Deerfield, Illinois-based Walgreens Boots Alliance Inc.'s stock saw a slight drop of 0.50%, finishing yesterday's session at $85.85 with a total trading volume of 2.17 million shares. The Company's shares have gained 1.69% in the last month, 4.69% over the previous three months, and 2.68% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.92% and 5.98%, respectively. Additionally, shares of Walgreens Boots Alliance, which operates as a pharmacy-led health and wellbeing company, have an RSI of 54.86.
On December 21st, 2016, Walgreens announced that it has now expanded availability of naloxone, a lifesaving opioid antidote, without requiring a prescription to Mississippi, Missouri and Washington D.C. That brings the total to 33 states and the District of Columbia where Walgreens makes naloxone available without a prescription. The medication can be dispensed in accordance with each state's pharmacy regulations at nearly 5,800 Walgreens pharmacies. The complimentary research report on WBA can be downloaded at:
Shares in Pittsburgh, Pennsylvania headquartered GNC Holdings Inc. ended Wednesday's session 0.70% higher at $13.00 with a total trading volume of 1.49 million shares. The stock is trading 15.46% below its 50-day moving average. Shares of the Company, which together with its subsidiaries, operates as a specialty retailer of health, wellness, and performance products, have an RSI of 29.37.
On December 13th, 2016, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight' while revising its previous target price from $15 to $11.
On December 20th, 2016, GNC Holdings announced that, for the first time in its history, it will advertise in the Super Bowl, scheduled for February 05th, 2017. The commercial, along with associated placements and promotions, will coincide with the upcoming relaunch of the brand as One New GNC. The company will close all US corporate stores on December 28th, 2016 and reopen December 29th, 2016, as One New GNC. Register for free on Stock-Callers.com and access the latest report on GNC at:
At the close, Dublin, Ohio headquartered Cardinal Health Inc.'s stock dropped 1.00%, finishing at $72.62. A total volume of 3.21 million shares was traded, which was above their three months average volume of 3.08 million shares. The Company's shares have gained 3.37% in the last month. The stock is trading 1.14% above its 50-day moving average. Additionally, shares of Cardinal Health, which operates as a healthcare services and products company worldwide, have an RSI of 49.62.
On November 23rd, 2016, Navidea Biopharma announced that Cardinal Health will purchase Navidea's Lymphoseek® product for lymphatic mapping, lymph node biopsy and the diagnosis of metastatic spread to lymph nodes for the staging of cancer in North America. Navidea will receive $80 million at closing, plus the opportunity to earn up to $230 million of contingent consideration based on certain milestones through 2026.
Yesterday, research firm Leerink Partners downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Get free access to your research report on CAH at:
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