Shares of pharmacy stocks are trading higher. Costco on its earnings call said pharmacy had the strongest sales percentage increase within ancillary businesses, with a double-digit script count growth, which could possibly be lifting the sector.
Portfolio Pulse from Benzinga Newsdesk
Pharmacy stocks are experiencing a rise in share prices following Costco's earnings call, where it reported strong sales growth in its pharmacy segment, including a double-digit increase in script count.
September 27, 2024 | 3:20 pm
News sentiment analysis
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POSITIVE IMPACT
CVS shares may benefit from the positive sentiment in the pharmacy sector following Costco's report of strong pharmacy sales growth.
Costco's report of strong pharmacy sales growth is likely to create positive sentiment across the pharmacy sector, potentially benefiting CVS.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
GoodRx may experience positive effects from the overall uplift in the pharmacy sector due to Costco's strong pharmacy sales report.
As a company in the pharmacy sector, GoodRx might benefit from the positive sentiment following Costco's strong pharmacy sales.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
PetMed Express might see a positive impact from the general uplift in pharmacy stocks following Costco's strong pharmacy sales report.
Although PETS is more niche, the positive sentiment in the pharmacy sector could have a spillover effect.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 30
POSITIVE IMPACT
Walgreens Boots Alliance shares may rise as the pharmacy sector benefits from Costco's report of strong pharmacy sales growth.
WBA, being a major player in the pharmacy sector, is likely to benefit from the positive sentiment following Costco's strong pharmacy sales.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50