Also beginning to see some profit-taking are shares of CVS Caremark Corp. (CVS).
Walgreen competitor CVS Caremark Corporation is down a similar 17.7 percent during the last 3 months.
But what happens when a PBM is owned by a retailer, as with CVS Caremark?
In Friday trading, CVS Caremark Corporation shares are currently off about 0.1% on the day.
Thomas Ryan, former CEO of CVS Caremark Corporation, recently retired with a multimillion dollar pension.
Several major pharmacy benefit management companies have expressed support for the administration plan, including Caremark Rx, Inc.
Pharmacies and home supply stores such as Home Depot and CVS Caremark do not do particularly well.
With more than 7, 400 drugstores, CVS Caremark runs the second-largest chain in the United States after Walgreen Co.
More than half of mail order is controlled by three PBMs: Express Scripts, Medco Health Solutions and Caremark.
Other competitors in the services sector include: Walgreen (WAG), GNC Holdings (GNC), and CVS Caremark (CVS).
The company currently operates 7, 930 drugstores and competes with CVS Caremark and Rite Aid among others.
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Seventeen companies that made the 2010 list disappeared from it this year, including Northeast Utilities, CVS Caremark, and Raytheon.
The five value stocks are Ascent Media (ASCMA), Coca-Cola Enterprises (CCE), CVS Caremark (CVS), Navistar International (NAV), and Yahoo!
There have been some shortages of the drug at pharmacies, said Mike DeAngelis, a spokesman for CVS Caremark Corp.
Their main competitor is CVS Caremark ( NYSE:CVS) and we like both companies.
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We believe this acquisition could have far reaching implications on CVS Caremark beyond its pharmacy benefit services leg of business.
Health centers, including Planned Parenthood, and pharmacies like CVS Caremark Corp. are also getting ready, after years of seeing the uninsured.
When it comes to consumer reviews, no top-100 retailer can boast the positive sentiment of CVS Caremark and Walgreen Co.
But during the spat, boatloads of Express Scripts customers shifted over to CVS Caremark ( CVS) and are unlikely to change back.
Levy has also bought into Caremark Rx , which manages employee prescription benefit plans and is one of the biggest mail-order houses for prescription drugs.
In this category, we like and own Apple (APPL), IBM (IBM), CVS Caremark (CVS) and Tenet Healthcare (THC).
Peers were mixed as Walgreen decreased 0.1% and CVS Caremark gained 0.1%.
The catalyst for the stock to go higher, says Miller, is a comprehensive restructuring of Caremark, which might lead to splitting the company.
Walgreen currently operates at 8, 537 locations, including 8, 072 drugstores and competes for prescriptions with CVS Caremark and Rite Aid among others.
Caremark points to a 2003 General Accounting Office report claiming that mail-order prices were 27% below retail for brand-name drugs and 53% less for generics.
Accordingly, both Walgreen and CVS Caremark are trading higher this morning both by more than 3% on very heavy volume as of the time of writing.
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Among the largest underlying components of XLP, in trading today Kraft Foods ( KFT) is up about 0.3%, and CVS Caremark ( CVS) is lower by about 1%.
Contracts with CVS Caremark for McKesson and competitor Cardinal Health are both up for renewal this summer, suggesting lower profits ahead if CVS decides to squeeze its suppliers.
Helena Foulkes, an executive vice president at CVS Caremark Corp.
Among the largest underlying components of IVE, in trading today CVS Caremark Corporation ( CVS) is off about 0.6%, and Walgreen Company ( WAG) is lower by about 0.1%.
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