Why Walgreens Boots Alliance Stock Is Skyrocketing Today

Investors are applauding the pharmacy retailer's plan to close many of its unprofitable stores.Shares of Walgreens Boots Alliance (WBA 11.72%) were skyrocketing 14% higher as of 11:14 a.m. ET on Tuesday. The huge gain came after the pharmacy retailer announced its fiscal 2024 fourth-quarter results earlier in the morning.Walgreens reported sales of $37.5 billion for the period ended Aug. 31, up 6% year over year. The average analysts' estimate was for Q4 revenue of$ 35.75 billion, according to LSEG.The comp ...