53.32 -0.15 (-0.28%)
After hours: 7:56PM EDT
|Bid||53.31 x 800|
|Ask||53.32 x 800|
|Day's Range||53.28 - 53.99|
|52 Week Range||53.17 - 86.31|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||10.04|
|Earnings Date||Jun 26, 2019 - Jul 1, 2019|
|Forward Dividend & Yield||1.76 (2.78%)|
|1y Target Est||61.43|
Walgreens announced Tuesday that it will raise the minimum age to purchase tobacco in its stores to 21. This new rule will go into effect on Sep. 1, and follows calls from Sen. Majority Leader Mitch McConnell to raise the minimum smoking age to 21. CVS Health stopped selling cigarettes in its stores altogether in 2014.
A camera could be watching you. It’s a new technology being trotted out to retailers, where cameras try to guess your age, gender or mood as you walk by. The intent is to use the information to show you targeted real-time ads on in-store video screens.
Benchmark initiated coverage of Colorado-based cannabis company Charlotte's Web Holdings Inc. with a buy rating and a $25 price target that is 25% above its current trading level. Analyst Mike Hickey listed a range of positives for the stock, including an early move advantage in the CBD market, a vertically integrated business model with a large 2018 hemp harves, and the rapid expansion of its retail network. "CWEB is a US market share leader and pure play in the CBD market, with an established brand, 4,000-plus domestic retail distribution locations and significant online sales," Hickey wrote in a note. The analyst also lauded the recent 2018 Farm bill, which legalized hemp, which he now expects will become a significant agricultural commodity. The company is expecting to benefit from the CBD market, which The Hemp Business Journal is expecting to become a nearly $7 billion market by 2023. Companies including CVS , Rite Aid and Walgreens have started selling CBD-infused products, although these are not yet allowed by the U.S. Food and Drug Administration. The FDA took over regulation of CBD from the DEA when hemp was legalized and it has said companies cannot add the substance to food or drinks for now. However, some companies have moved ahead anyway, as they are not expecting enforcement actions. Charlotte's Web shares have gained 81% in the year to date, while the S&P 500 has gained 11.9%.
Walgreens today announced updates on its comprehensive efforts to combat the opioid epidemic. The company’s first of its kind safe medication disposal program has collected and safely disposed of more than 1.2 million pounds of unwanted prescriptions, including controlled substances and other medications, reaching a significant milestone in only three years since the effort began.
WEEKDAY TRADER 6:24 a.m. The Dow Jones Industrial Average looks set to open 21 points higher after closing up 145 points, or 0.6%, on Tuesday. Wednesday morning, Dow futures were up 0.2%, while S&P 500 futures were flat.
- Drugstore chain Walgreens will stop selling tobacco products to customers under 21, the company announced on Tuesday, weeks after the Food and Drug Administration accused the company of repeatedly selling tobacco products to minors. - CBS Corp has called off the search for a new chief executive officer and extended the contract of its interim chief, Joseph Ianniello, through the end of the year, the company announced on Tuesday. - The United States Federal Aviation Administration said Tuesday that Wing, the drone-delivery unit of Alphabet Inc , had received the agency's first approval to use drones to carry and deliver packages commercially.
U.S. Senate Majority leader Mitch McConnell last week disclosed plans to introduce legislation to raise the minimum age for buying tobacco products, including vaping devices, to 21 from 18.. McConnell's proposal comes as states and cities across the United States have moved to raise the legal age for purchasing tobacco in an effort to prevent addiction at young ages. Lawmakers in New York state and Maryland have also approved legislation.
is taking the next step in preventing youth smoking by raising the minimum age for purchasing tobacco products at its stores to 21 beginning Sept. 1. quickly followed suit saying it would implement the change within 90 days. "We've seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults," said Richard Ashworth, Walgreens president of operations.
The stock market went on a harrowing round trip the last seven months, but it may be in a healthier place after it. The S&P 500 is back to a record high for the first time since Sept. 20 after following up a nearly 20% plunge late last year with a nearly mirror-opposite rebound. The S&P 500 closed at an all-time high Tuesday, marking the stock market's recovery from a nosedive at the end of last year.
Walgreens said Tuesday that it will only sell tobacco products to consumers over the age of 21. The move is in response to a recent report from the U.S. Food and Drug Administration that said the Deerfield, Illinois-based pharmacy had about 1,800 violations for selling tobacco products to kids across the United States. “We’ve seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults,” Richard Ashworth, Walgreens president of operations, said in a statement.
Rite Aid RAD will raise the minimum age to buy tobacco products to 21 within the next 90 days, the company announced Tuesday. "Raising the age for purchasing tobacco products is an important step in our efforts to ensure that these products do not fall into the hands of children and teens," Rite Aid Chief Operating Officer Bryan Everett said in a statement.
Walgreens has decided to raise its minimum age for tobacco sales several weeks after a top federal official chastised the drugstore chain for violating laws restricting access to cigarettes and other tobacco products.
The legal age for purchasing tobacco products in the U.S. is 18, but Walgreens is setting its own policy in reaction to the FDA's specific demands for the retailer to do more in curbing underage smoking. The FDA said in early February that Walgreens is the biggest violator among pharmacy chains who sell tobacco products. Walgreens said in a press release that its new policy of restricting tobacco sales to customers over 21 can be helpful in reducing tobacco use among teens and young adults.
Walgreens Boots Alliance Inc. said Tuesday it will begin requiring customers to be at least 21 years old to buy tobacco products in all of its stores, starting Sept. 1. The move comes after Senate Majority Leader Mitch McConnell (Repub-Ky.) said earlier this month he will introduce legislation to raise the age to buy tobacco and vaping products to 21 from 18, although members of the military would be exempted. "We've seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults," said Richard Ashworth, Walgreens president of operations. Walgreens stock fell 0.9% in morning trade. It has tumbled 21.5% year to date, while the Dow Jones Industrial Average has gained 14.1%.
Walgreens is implementing a new, chain-wide policy that will require customers to be at least 21 years old in order to purchase tobacco products in its stores, the company announced today. The policy will be effective Sept. 1, 2019, and is the most recent step in an ongoing effort to further prevent youth access to tobacco products. “We’ve seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults,” said Richard Ashworth, Walgreens president of operations.
The FDA put Walgreens "on notice" in February, accusing the pharmacy chain of violating rules that prohibit selling cigarettes and other tobacco products to underage buyers.
Kohl's Corp. stock soared 7.7% in Tuesday trading after the retailer announced that it would now accept Amazon.com Inc. returns at all its stores. Kohl's first announced that it would pilot the returns program in September 2017, operating in 100 stores in Los Angeles, Chicago and Milwaukee. Now customers will be able to return Amazon merchandise to all 1,150 Kohl's locations. Kohl's is also carrying Amazon products in more than 200 stores. Convenient returns have become a focus for a number of companies and retailers, including Walgreens Boots Alliance Inc. , which is working with Narvar to accept returns at its locations. Kohl's stock has rallied 9.5% in 2019, while the S&P 500 index is up 16.2% for the period.
In February, the US Food and Drug Administration accused Walgreens of being the “top violator among pharmacies that sell tobacco products”, with 22 per cent of stores inspected having illegally sold tobacco products to minors. The FDA banned a Walgreens store in Miami, Florida, from selling tobacco for 30 days. Rite Aid, a Walgreens competitor, also said on Tuesday that it would increase the age to purchase tobacco products to 21, “consistent with the company’s commitment to promoting responsible access to tobacco products”.
According to GuruFocus' list of 52-week lows, these guru stocks have reached their 52-week lows. The price of Bristol-Myers Squibb Company (BMY) shares has declined to close to the 52-week low of $45.52, which is 30.4% off the 52-week high of $63.69. The company has a market cap of $74.38 billion.
Vertical Companies is among the largest vertically integrated businesses within the legal medical cannabis industry. The company is focused on "doing all things with the plant" except for operating a retail presence, said CEO Smoke Wallin.
The iconic Red Nose has returned to Walgreens for its fifth year in support of Red Nose Day, this time with help from some friends. The new Red Nose Day Everyday Heroes hit the shelves of Walgreens and Duane Reade locations nationwide this morning, officially launching the six-week fundraising campaign.
Walgreens partners with customer-experience specialist Narvar to add package pick-up and return service to 8,000 store locations.