High Volume trading in Walgreens stock started around 10:00-11:00 Am
It ended just before todays closing ,
Yet, news of todays Dividend increase was not on the reporting news wires at these times and the news release was announced after the price had already run up in price..
Something smells here, perhaps its just the old Sushi chefs given the investment funds a wink..
There have been several internet stories in the past few days suggesting that a dividend increase from WAG was imminent. They have raised the dividend every year for 38 years and to the best of my recollection it's been about this time in July the past several years. Last year the stock appreciated very nicely after the dividend increase was announced. I posted before noon yesterday that WAG was outperforming CVS and RAD stocks probably because of anticipation of dividend increase. The stock price was up smartly on Monday and Tuesday also. As the volume rose one did not require inside information to be buying yesterday on the dividend play.