Home Options Trading Advantage Options – Pharmacy Stocks Continue to Plunge as Amazon Move...

0 222

Shares of pharmacy stocks such as Walgreens (WBA) and CVS (CVS) continued to decline on Monday as it now seems clear that Amazon (AMZN) will make a move into the drug distribution business. This will potentially put AMZN in the position to leverage its e-commerce platform to allow people to shop for prescription drugs with greater ease than ever before. I expect that this might also push pharmacies to seek an arrangement with AMZN to list their products on its website, but either way it should be a big win for AMZN if successful. Keep an eye on this situation as it continues to develop. WBA was down -3.18%, CVS down -3.41%, and AMZN up 0.14% for the session.


Leave a Reply