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Stocks on the move: Walgreens sees sales increase in Q4, Zoom will now host online events

The On the Move panel discuss today’s Stocks on the Move: Walgreens, Zoom.

Video Transcript

ADAM SHAPIRO: All right. We're going to take a look at some stocks also that are on the move as we go to break. We are going to be talking about Fastly in the next segment, but I want to let you know right now Walgreens Boots in their latest Q4 earnings report talked about the fact that the drugstore chain expects profit to grow in single digits in 2021. That's after posting a better than expected fourth-quarter profit.

Sales increased 2.3% to $34.7 billion for the year-- year of the 2020 year. It was $139.5 billion. Same-store sales in the United States rose 3.6%. The company's Executive Vice Chairman Stefano Pessina said, "Despite uncertainty amid the global COVID-19 pandemic, we are seeing gradual improvement in the key US and UK markets."

Then let's take a look at what's happening with Zoom. Those shares are right now trading higher, up more than 5%. We heard from chief executive officer that the company will do a better job integrating Office chat-room products-- that's right, Microsoft Office chat-room products-- from Slack Technologies as well as Microsoft Corp. 52-week range, by the way, for Zoom was as low as $60, now as high as $530.