KEY TAKEAWAYSWalgreens Boots Alliance shares are sinking in premarket trading, as the pharmacy chain suspends quarterly dividends to shore up its finances while it works to turnaround its business.The company said it needs to conserve cash to cope with legal challenges and refinance its debt.Walgreens shares are trading down more than 10% in premarket trading and have lost around half their value in the past year through Thursday. Walgreens Boots Alliance (WBA) shares are sinking in premarket trading, as th ...

A sign sits in front of a Walgreens store on November 10, 2023 in Wheeling, Illinois. (Photo by ... [+] Scott Olson/Getty Images)Getty ImagesWalgreens Boots Alliance is suspending its quarterly cash dividend as the company works to “evaluate and refine its capital allocation policy" to free up cash for debt financing, litigation needs and to fund the company’s “broader long-term turnaround,” the company said.The drugstore giant, which is already in the early stages of closing more than 1,200 stores, announc ...

NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Walgreens Boots Alliance, Inc. ("Walgreens" or the "Company") (NASDAQ: WBA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Walgreens and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On Janua ...

No investor likes it when a potential buyout deal for one of their holdings hits a serious roadblock. This is apparently happening to Walgreens Boots Alliance (WBA -4.46%), according to a media report. So, the market aggressively traded out of the pharmacy chain operator's stock on Monday. It fell by nearly 5% in price, a notably steeper decline than the 1.5% dip of the S&P 500 index on the day.A breakdown in talks?CNBC's David Faber reported live and on-air that unnamed sources told him that a looming arra ...

Key TakeawaysAfter a tough year for Walgreens investors in 2024, shares may have appeared poised to start 2025 on strong note after the company's first-quarter results topped expectations.However, analysts have remained cautious, mostly keeping "hold" or "sell" ratings on the pharmacy retailer's stock.A lawsuit filed late last week by the Department of Justice sent shares lower Tuesday, adding to the company's challenges. After a tough year for Walgreens (WBA) investors in 2024, shares may have appeared poi ...

NEW YORK, Jan. 21, 2025 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Walgreens Boots Alliance, Inc. (NASDAQ: WBA) resulting from allegations that Walgreens may have issued materially misleading business information to the investing public.So What: If you purchased Walgreens securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee ...

Key TakeawaysThe S&P 500 added 0.9% on Tuesday, Jan. 21, the first day of trading following President Donald Trump's return to the White House.Oracle stock surged following reports that the software giant would participate in a massive joint venture to build out AI infrastructure in the U.S.Walgreens shares plunged as the Justice Department filed a lawsuit claiming the pharmacy chain had dispensed prescriptions with no legitimate medical basis. Major U.S. equities indexes advanced as the markets kicked off ...

Key TakeawaysWalgreens Boots Alliance shares tumbled Tuesday after Department of Justice allegations that its pharmacies dispensed prescriptions with no legitimate medical reasoning.The DOJ filed a lawsuit late last week accusing the pharmacy of handing out "millions of unlawful prescriptions" for dangerous opioids, among other drugs.Walgreens said the government is trying to put its pharmacists in a "no-win situation." Walgreens Boots Alliance (WBA) shares sank Tuesday, the first day of trading since the D ...

Shares of Walgreens Boots Alliance (WBA -13.61%) pulled back today after the company again ran into trouble with regulators.On Friday, the Department of Justice (DOJ) filed a lawsuit against Walgreens, alleging that it dispensed "millions of unlawful prescriptions."As of 10:26 a.m. ET, the stock was down 12.7% on the news. Walgreens gets another red flagWalgreens already made a multibillion-dollar settlement over opioid prescriptions two years ago. It agreed to pay $5.7 billion over 15 years, and now it cou ...

Last week, the U.S. Department of Justice filed a civil complaint against Walgreens Boots Alliance Inc WBA and its subsidiaries, alleging widespread violations of the Controlled Substances Act (CSA) and False Claims Act (FCA).In a statement, Walgreens said, “We are asking the court to clarify the responsibilities of pharmacies and pharmacists and to protect against the government’s attempt to enforce arbitrary “rules” that do not appear in any law or regulation and never went through any official rulemaking ...