Which Pharmacy Stock is a Better Buy? By StockNews
The continued rise in demand for drugs and COVID-19 test results, as well as the continuing spread of the Delta variant should be a benefit to pharmacy stocks Walgreens Boots / Rite Aid / NYSE. Which stock is better to buy right now? Let’s find out.
Walgreens Boots Alliance, Inc., (NASDAQ:) is a popular American drug store. Rite Aid Corporation, (RAD), in Camp Hill, Pa., is another. WBA is a pharmacy-led health and wellbeing company that operates through three segments—Retail Pharmacy USA; Retail Pharmacy International; and Pharmaceutical Wholesale. WBA owned 9,021 retail shops under Walgreens’ and Duane Reade’s brands, as well six specialty pharmacies. RAD owns a chain retail drugstore that sells prescription drugs, medication without a prescription, beauty and health aids, household items, everyday products and convenience goods. You can also get drug benefits from the Medicare Part D program. The company had approximately 2,500 locations of retail pharmacies in 17 states as of April 28, 2021.
Pharmacy companies have seen an increase in sales due to the increased demand for medicines and testing. By 2025, the global pharmacy and healthcare store market will grow by 5% to $1.31 trillion. UNP and CSX (NASDAQ 🙂 both should profit.
WBA’s price has risen 21.4%, while RAD gained 2% year-to-date. WBA is a clear winner with 19% price gains versus RAD’s negative returns in terms over the past nine months. Which stock is better? Let’s find out.
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