The state's effort to go green is costing some stores quite a bit of green.» Read More
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. American Eagle Outfitters Inc. rose 12.0 percent to $12.98 with 27,989,700 shares traded. Bank of America Corp. rose. 5 percent to $15.52 with 57,060,700 shares traded.
NEW YORK— Shares of some top drugstore companies are down at 10 a.m.:. Rite Aid fell$. 06 or. 9 percent, to $6.40. Walgreen fell$. 20 or. 3 percent, to $61.95.
CVSCaremark rose$. 38 or. 5 percent, to $79.53. Rite Aid rose$. 16 or 2.5 percent, to $6.46. Walgreen rose$. 42 or. 7 percent, to $62.15.
CVSCaremark rose$. 12 or. 1 percent, to $79.27. Rite Aid rose$. 12 or 1.9 percent, to $6.42. Walgreen rose$. 57 or. 9 percent, to $62.30.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell. 5 percent to $34.48 with 20,342,400 shares traded. Advanced Micro Devices Inc. rose 1.4 percent to $4.27 with 23,124,000 shares traded.
CVSCaremark rose$. 24 or. 3 percent, to $79.15. Rite Aid fell$. 03 or. 5 percent, to $6.30. Walgreen rose$. 32 or. 5 percent, to $62.07.
CVSCaremark rose$. 44 or. 6 percent, to $79.35. Rite Aid fell$. 03 or. 5 percent, to $6.30. Walgreen rose$. 44 or. 7 percent, to $62.19.
The largest U.S. pharmacy benefit manager, Express Scripts, is cutting back on compounded medications, saying most are ineffective or overpriced.
Some of Thursday's midday movers:
Jim Cramer thinks earnings confused the Street and in turn pros oversold this stock.
June 24- Walgreen Co, the largest U.S. drugstore operator, withdrew its profit and revenue forecasts for 2016, saying it had yet to work out several aspects of its planned acquisition of European drug retailer Alliance Boots Holdings Ltd..
June 19- Drugstore operator Rite Aid Corp said higher drug costs and a fall in reimbursement rates would continue into the second quarter, sending it shares down 4.4 percent. Rite Aid's shares have been on a tear for most of the past year, until the company warned on first-quarter profit and cut its full-year earnings forecast earlier this month.
Some of Thursday's midday movers:
June 19- Drugstore operator Rite Aid Corp's quarterly profit more than halved, hurt by higher-than-expected drug costs and a bigger-than-anticipated fall in reimbursement rates. Rite Aid said a delay in the expected fall in prices of generic medicines raised its drug costs.
*Blackberry jumps in premarket after earnings. NEW YORK, June 19- U.S. stock index futures were little changed on Thursday, after four straight days of gains sent the S&P 500 to a fresh record high, ahead of data on the labor market and manufacturing.
June 19- Drugstore operator Rite Aid Corp's quarterly profit more than halved, hurt by higher-than-expected drug costs and a bigger-than-anticipated fall in reimbursement rates. The company's net income fell to $41.44 million, or 4 cents per share, in the first quarter ended May 31 from $89.66 million, or 9 cents per share, a year earlier.
Cramer believes there’s always opportunity in the market. You simply have to know where to look.
Andrew unleashes a Twitter firestorm about noisy kids on flights. Ackman-Icahn are friends again. And so long Cantor. Find those stories and more on "Squawk Box" blog."
If you dig down into Thursday’s market, Cramer says you’ll find some powerful messages, including something about Rite Aid.
*ECB cuts rates below zero to spur bank lending. NEW YORK, June 5- The Dow and the S&P 500 both ended at new highs on Thursday after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation.