Allscripts Dips After Announcement and 2 High Demand Stocks to Watch
Allscripts Healthcare Solutions Inc (NASDAQ:MDRX): After the company abandoned their plans to be sold and introduced new management so that the company could be run as a new entity, shares of Allscripts Healthcare Solutions Inc. Inc. decreased as much as 17%. Allscripts, which sells systems that enable hospitals and physicians to share patient records electronically, announced the changes late on Wednesday.
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Rite Aid Corporation (NYSE:RAD) sales for the quarter decreased 1.5% over the previous year’s 13-week period, consisting of a 1.1% increase in front end sales that were offset by a 2.7% decrease in pharmacy sales. Pharmacy sales included an approximate 924 basis point negative impact from new generic introductions. The number of prescriptions filled in the same stores increased by 3.6% over the prior year period, including the benefit of additional prescriptions resulting from the Walgreens (NYSE:WAG)-Express Scripts (NASDAQ:ESRX) dispute. Prescription sales accounted for 67.8% of total drugstore sales and third party prescription revenue was 96.5% of pharmacy sales.
Nokia Corporation (NYSE:NOK), Research in Motion (NASDAQ:RIMM), and HTC have seen disappointing sales in 2012 and hope to win back their market share with the introduction of Windows Phone 8, Blackberry 10 and Android models in 2013. However, it remains to be seen whether the three brands will be able to make a turn around in the coming year. Nokia switched to the Windows Phone platform in 2011 and the vendor is paying a painful price now because the availability of hardware support for WP is weak, while Nokia is also unable to leverage on their own technical advantages and development expertise on WP-based devices, according to industry sources.