NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Walgreens Boots Alliance, Inc. (“Walgreens” or the “Company”) (NASDAQ: WBA) between October 12, 2023 and June 26, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Rizwan Bhaila v. Walgreens Boots Alliance, Inc., et al. (Case No. 1:24-cv-05907) has been commenced in the United States Distri ...

Is the stock a bargain, or just a value trap?Buying a stock on weakness can be a dangerous idea. Imagine a stock that you think may be a decent buy falls to a new 52-week low. Then a few weeks later, it hits a new low. Then another. And after a while of this tailspin, it's at a multiyear low. That's what many investors have been experiencing with Walgreens Boots Alliance (WBA -0.28%).Shares of the pharmacy retailer are not just near their 52-week lows but they recently even hit 27-year lows. This kind of an ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Walgreens Boots Alliance, Inc. (“Walgreens Boots” or “the Company”) (NASDAQ: WBA). Investors who purchased Walgreens Boots securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/WBA. Investigation Details On June 27, 2024, Walgreens reported its earnings for the third quarte ...

The beaten-down retail pharmacy yields 9%, despite already cutting its dividend this year.To get ideas for new investments, investors can either look at recent outperformers to capture growth momentum, or recent underperformers in hopes of catching a turnaround.Looking at the latter type, the worst-performing stock of the S&P 500 in the first half of 2024 is, literally, a household name.This stock declined 54% through the first half. After that terrible performance, this company's dividend yield has grown t ...

peshkov And the hits just keep on comin’. Walgreens (NASDAQ:WBA) opened the year trading for $26 and change. But before earnings debuted last week, the stock was trading for a bit below $16 a share. Fast-forward a couple of days, and WBA now trades for less than $12, and has now plummeted 56% in 2024. If there is a bright side to this story, it is that the quarterly dividend now yields 8%-plus. Veteran investors may wonder if that represents a sucker yield or an opportunity to lock in a hefty source of ...

Walgreens Boots Alliance (WBA) is a retail drugstore chain that sells prescription and non-prescription drugs. The company also sells general merchandise products, including household items, convenience and fresh foods, personal care, beauty care, photofinishing, and candy.Analysts have taken a bearish stance on the company’s outlook, landing the stock into a Zacks Rank #5 (Strong Sell).Image Source: Zacks Investment ResearchIn addition, the company is in the Zacks Retail – Pharmacies and Drug Stores indust ...

Walgreens Boots Alliance is looking to reduce its investment in the doctor-staffed clinic operator ... [+] VillageMD after billions of dollars in losses and the need to focus on more profitable ventures to turn around the drugstore chain.VillageMDWalgreens Boots Alliance is looking to reduce its investment in the doctor-staffed clinic operator VillageMD after billions of dollars in losses and the need to focus on more profitable ventures to turn around the drugstore chain.Walgreens chief executive officer T ...

Walgreens Boots Alliance, Inc. (WBA) delivered adjusted earnings per share (EPS) of 63 cents in the third quarter of fiscal 2024, down 37% from the year-ago quarter’s figure (same at constant exchange rate or CER). The figure missed the Zacks Consensus Estimate by 5.97%.GAAP earnings for the third quarter of fiscal 2024 were 40 cents per share compared with the year-ago quarter’s earnings of 14 cents.Total SalesWalgreens Boots recorded total sales of $36.35 billion in the fiscal third quarter, up 2.6% year ...

News that Walgreens Boots Alliance could close hundreds of “underperforming” stores means a ... [+] turnaround of the drugstore giant’s key U.S. retail pharmacy business could take a year or longer by some estimates. In this photo is a sign in front of a Walgreens store in New Kensington, Pennsylvania, US, on Wednesday, Jan. 3, 2024. Photographer: Justin Merriman/Bloomberg© 2024 Bloomberg Finance LPAs Walgreens Boots Alliance considers closing hundreds of “underperforming” stores, the company’s top executiv ...

The stock is now trading at levels last seen in 1998.Share prices of Walgreens Boots Alliance (WBA -0.78%) plunged following the June 27 release of its fiscal third-quarter earnings report, with the stock having one of its worst days on record. The stock price has now fallen more than 53% since the start of 2024.Let's look at Walgreens' most recent quarterly report, why the stock plummeted, and whether now is the time to buy.Reduced guidance, store closures, and new planFor its fiscal Q3 (ended in May), Wal ...