Pharmacy stocks are ailing, thanks to the coronavirus. The overall equity market has recovered from the worst of the coronavirus crisis, but pharmacy shares are a prominent exception. Walgreens Boots Alliance stock has dropped nearly 38% so far this year. Comparable retail sales at its non-U.S. locations fell 48% in the fiscal third quarter, which ended May 31. New prescriptions can account for up to a quarter of total annual prescriptions filled at a retail pharmacy, according to analysts at Mizuho Securities.

Source: Wall Street Journal October 06, 2020 11:03 UTC