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Why the Market Dipped But Walgreens Boots Alliance (WBA) Gained Today
ZACKS· 2024-06-14 22:50
The most recent trading session ended with Walgreens Boots Alliance (WBA) standing at $15.55, reflecting a +0.65% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.04% loss on the day. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.12%.The largest U.S. drugstore chain's stock has dropped by 15.76% in the past month, falling short of the Retail-Wholesale sector's gain of 0.37% and the S&P 500's gain of 4.15%.Analysts and investors alike will be keeping a ...
How Low Can Walgreens Boots Alliance Stock Go?
The Motley Fool· 2024-06-13 08:20
Walgreens stock can't seem to get out of its tailspin.Sometimes it can seem like a stock is a falling knife, where trying to slow its fall is just going to cut you. That's what Walgreens Boots Alliance (WBA -2.45%) investors may be feeling right now. The stock has dropped to levels it hasn't traded at since the 1990s, and it keeps falling lower. The price drop suggests that the market knows that Walgreens faces a tough road ahead.Walgreens is working to regain the market's confidence. With a new CEO, there' ...
Walgreens Boots Alliance (WBA) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-06-10 22:56
In the latest trading session, Walgreens Boots Alliance (WBA) closed at $15.94, marking a +0.63% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.Shares of the largest U.S. drugstore chain witnessed a loss of 7.85% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.54% and the S&P 500's gain of 3.25%.The investment community will be ...
DOJ settles CityMD Covid fraud allegations for $12 million
CNBC· 2024-06-08 15:17
People wait in in a queue to enter CityMD, a health clinic that offers coronavirus disease (COVID-19) testing, on the Upper West Side as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 19, 2021.Walgreens-backed CityMD will pay $12.04 million to settle Covid fraud allegations brought by the Department of Justice, the department announced on Friday.From February 2020 to April 2022, the urgent care provider allegedly obtained fraudulent government reimbursements ...
After A 40% Fall Is Walgreens Stock A Better Pick Over CVS Health?
Forbes· 2024-06-05 11:00
Walgreens logo is seen at restaurant in Florida Keys, United States on May 7, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesGiven its better valuation, we believe Walgreens stock (NYSE: WBA) is a better pick than its peer CVS Health stock (NYSE: CVS). WBA stock trades at 0.1x revenues, versus 0.2x for CVS, given the latter’s superior revenue growth, profitability, and financial position. In the sections below, we discuss why we think WBA is a better pick than CVS. ...
Walgreens: Another Dividend Cut Could Be Coming Soon (Rating Downgrade)
seekingalpha.com· 2024-05-30 11:00
enot-poloskun Introduction Walgreens (NASDAQ:WBA) was once a stock I held in my portfolio, excited about the company's turnaround story they started a few years ago. But since then, it hasn't turned out to be great for the company as they have faced headwinds, forcing them to cut the dividend earlier this year. Moreover, during their recent earnings, WBA's cash flows have continued to face downward pressures. Putting into question their ability to pay future dividends, as free cash flow does not cover t ...
Walgreens Joins Growing List of Retailers Cutting Prices To Win Back Customers
investopedia.com· 2024-05-29 23:00
Key TakeawaysWalgreens joined the growing list of retailers starting to cut prices in the hopes of winnings back consumers who have changed their shopping habits due to inflation.The retailer said Wednesday that it is lowering prices on over 1,300 products and launching promotional events over the summer.A number of retailers including Walmart and Target also announced in recent weeks they are reducing prices for some items.Walgreens shares fell over 3% Wednesday following the announcement. Shares of Walgr ...
Walgreens cutting prices on 1,300 products
foxbusiness.com· 2024-05-29 16:31
Walgreens on Wednesday announced its cutting prices and launching a series of new promotions throughout the summer in an attempt to entice price-conscious consumers and drive sales.  Walgreens said it would lower prices on more than 1,300 national and store-brand products. Among its summer promotional campaigns, the company plans to bring back Walgreens' myW Days in mid-July. MyW days are exclusive promotions for myWalgreens members, underscoring the company's attempt to boost its loyalty program. Global Ch ...
Walgreens Boots Stock Just Hit Its Lowest Level Since 1998. Time to Buy the Dip or Stay Away?
fool.com· 2024-05-28 13:53
Is the stock a value or a value trap?It's been an ugly past year for Walgreens Boots Alliance (WBA -1.22%) stock, which is down over 45% in that span. It's been a tough decade, in fact, with the stock plunging over 75% over the past 10 years.With the stock now trading where it was in 1998, let's look what has gone wrong for the company and whether investors should consider picking up shares in the stock at these levels.Company strugglesOne of the biggest issues facing Walgreens, and the pharmacy industry in ...
Walgreens Boots Alliance (WBA) Advances But Underperforms Market: Key Facts
zacks.com· 2024-05-24 22:51
In the latest trading session, Walgreens Boots Alliance (WBA) closed at $16.03, marking a +0.5% move from the previous day. The stock lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.1%.Shares of the largest U.S. drugstore chain have depreciated by 9.38% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.98% and the S&P 500's gain of 4.03%.Investors will be eagerly watchin ...