Walgreens Boots Alliance, Inc. (NASDAQ:WBA) [Trend Analysis] luring active investment momentum, shares a loss -0.01% to $81.47. Walgreens Boots Alliance Inc. (WBA) along with Rite Aid Corp. (RAD) said that they have entered into an amendment and extension of their definitive merger contract under which Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid, a U.S. retail pharmacy chain.As per the terms of the amendment, the companies have agreed to reduce the price for each share of Rite Aid common stock to be paid by Walgreens Boots Alliance.
The revised price will be a maximum of $7.00 per share and a minimum of $6.50 per share.In addition, Walgreens Boots Alliance will be required to divest up to 1,200 Rite Aid stores and certain additional related assets if required to obtain regulatory approval. The exact price per share will be determined based on the number of required store divestitures, with the price set at $7.00 per share if 1,000 stores or fewer are required for divestiture and at $6.50 per share if 1,200 stores are required for divestiture. The total volume of 200567 shares held in the session was surprisingly higher than its average volume of 4392.54 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -4.50%, and looking further price to next year’s EPS is 10.22%. While take a short look on price to sales ratio, that was 0.75 and price to earnings ratio of 21.54 attracting passive investors.
Shares of Energen Corporation (NYSE:EGN) [Trend Analysis] runs in leading trade, it plunging -1.19% to traded at $52.51. The firm has price volatility of 2.72% for a week and 3.08% for a month. Its beta stands at 1.89 times. As previously reported, Energen Corporation (EGN) plans to release its 4th quarter 2016 operating and financial results after the market closes on Thursday, February 9, 2017. Senior management will host an associated conference call on Friday, February 10, 2017, at 11:00 a.m. ET.
In addition to results for the 3 months ended December 31, 2016, company disclosures will include details of its 2017 operating and capital budgets and the results of its first two Midland Basin wells completed with a Generation 3 frac design. These stand-alone wells target the Wolfcamp B in Martin County and were drilled on bolt-on acreage acquired in the first half of 2016. Narrow down four to firm performance, its weekly performance was -2.58% and monthly performance was -10.30%. The stock price of EGN is moving down from its 20 days moving average with -6.53% and isolated negatively from 50 days moving average with -9.13%.