Walgreens Boots Alliance Inc. ($WBA) Stock Forecast: Up 5.4% Today

What is Walgreens Boots Alliance Inc.?

Walgreens Boots Alliance (WBA) is a multinational healthcare company that operates pharmacy stores. The overall market sentiment was positive today, with WBA experiencing a strong bullish movement.

Why is Walgreens Boots Alliance Inc. going up?

WBA stock is up 5.4% on Sep 6, 2024 14:51

• WBA's stock price saw a significant increase despite facing a class action securities lawsuit filed by Levi & Korsinsky on behalf of shareholders. This unexpected surge could be attributed to investors viewing the stock as oversold and undervalued, as indicated by the RSI momentum indicator in the consumer staples sector.
• The shareholder alerts and reminders about the ongoing class action lawsuit did not deter investors from driving up WBA's stock price, showcasing resilience in the face of legal challenges.
• The market's reaction suggests that investors are focusing more on the potential gains from undervalued defensive stocks like WBA rather than the legal uncertainties surrounding the company, leading to the bullish movement in the stock price.

WBA Price Chart

WBA News

Walgreens Boots Alliance ( WBA ) Gains As Market Dips: What You Should Know

Walgreens Boots Alliance (WBA) reachead $8.74 at the closing of the latest trading day, reflecting a +1.04% change compared to its last close.

https://www.zacks.com/stock/news/2332458/walgreens-boots-alliance-wba-gains-as-market-dips-what-you-should-know

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Walgreens Boots Alliance, Inc. ( WBA ) Shareholders - Walgreens Boots Alliance ( NASDAQ:WBA )

NEW YORK, Sept. 05, 2024 ( GLOBE NEWSWIRE ) -- Levi & Korsinsky, LLP notifies investors in Walgreens Boots Alliance, Inc. ( "Walgreens" or the "Company" ) WBA of a class action securities lawsuit.

https://www.benzinga.com/pressreleases/24/09/g40737080/levi-korsinsky-announces-the-filing-of-a-securities-class-action-on-behalf-of-walgreens-boots-alli

Top 3 Defensive Stocks That Could Lead To Your Biggest Gains In September - Walgreens Boots Alliance ( NASDAQ:WBA )

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down.

https://www.benzinga.com/trading-ideas/long-ideas/24/09/40729657/top-3-defensive-stocks-that-could-lead-to-your-biggest-gains-in-september

WALGREENS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Walgreens Boots Alliance, Inc. - WBA - Walgreens Boots Alliance ( NASDAQ:WBA )

NEW ORLEANS, Sept. 04, 2024 ( GLOBE NEWSWIRE ) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 10, 2024 to file lead plaintiff applications in a securities class action lawsuit against Walgreens Boots Alliance, Inc.

https://www.benzinga.com/pressreleases/24/09/g40722387/walgreens-shareholder-alert-claimsfiler-reminds-investors-with-losses-in-excess-of-100-000-of-lead

WALGREENS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Walgreens Boots Alliance, Inc. - WBA - Walgreens Boots Alliance ( NASDAQ:WBA )

NEW ORLEANS, Sept. 03, 2024 ( GLOBE NEWSWIRE ) -- Kahn Swick & Foti, LLC ( "KSF" ) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 10, 2024 to file lead plaintiff applications in a securities class action lawsuit against ...

https://www.benzinga.com/pressreleases/24/09/g40699675/walgreens-shareholder-alert-by-former-louisiana-attorney-general-kahn-swick-foti-llc-reminds-inves

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Walgreens Boots Alliance Inc. Price History

27.07.2024 - WBA Stock was down 9.3%

• The announcement of Eli Lilly slashing prices for its weight-loss drug Zepbound likely impacted WBA negatively, leading to a 7% drop in its stock price.
• Despite a slight rise in the market overall, WBA continued its downward trend, possibly due to ongoing struggles such as store closures and legal issues.
• The class action lawsuits against WBA may have further shaken investor confidence, contributing to the bearish movement in the stock.
• Jim Cramer's previous endorsement of WBA as 'amazing' seems to be a distant memory as the stock continues to decline, highlighting the challenges the company is facing in the current market environment.

27.07.2024 - WBA Stock was down 5.1%

• The stock closed lower today, possibly due to the overall market dip affecting WBA's performance.
• Negative sentiment surrounding the company, including class action lawsuits and investor alerts, could have contributed to the bearish movement.
• Previous positive remarks about WBA being 'amazing' may have added to the disappointment felt by investors as the stock continued to decline.
• The ongoing legal issues and securities class actions against Walgreens Boots Alliance might have further shaken investor confidence, leading to the bearish market movement.

28.07.2024 - WBA Stock was down 9.0%

• The securities class action reminder by a law firm may have caused uncertainty and concern among investors, leading to a bearish movement in WBA stock.
• The news of major drug companies going direct-to-consumer could have signaled increased competition and disrupted traditional pharmacy retail models, impacting WBA's stock negatively.
• The announcement of a pharmaceutical company slashing prices for weight-loss drugs might have put pressure on WBA and other related stocks, as it indicates potential pricing challenges and market shifts.
• Despite a slight rise in the previous trading session, overall negative sentiment surrounding Walgreens, including store closures and financial struggles, may have contributed to the bearish movement in WBA stock.

06.08.2024 - WBA Stock was up 5.4%

• WBA's stock price saw a significant increase despite facing a class action securities lawsuit filed by Levi & Korsinsky on behalf of shareholders. This unexpected surge could be attributed to investors viewing the stock as oversold and undervalued, as indicated by the RSI momentum indicator in the consumer staples sector.
• The shareholder alerts and reminders about the ongoing class action lawsuit did not deter investors from driving up WBA's stock price, showcasing resilience in the face of legal challenges.
• The market's reaction suggests that investors are focusing more on the potential gains from undervalued defensive stocks like WBA rather than the legal uncertainties surrounding the company, leading to the bullish movement in the stock price.

05.08.2024 - WBA Stock was down 5.5%

• The oversold nature of defensive stocks in the consumer staples sector may have led investors to sell off WBA shares, contributing to the bearish movement.
• The looming class action lawsuits against WBA could have created uncertainty and negative sentiment among investors, prompting them to divest from the stock.
• The reminder alerts about the lead plaintiff deadline in the class action lawsuits may have intensified selling pressure on WBA shares.
• The news of substantial losses for WBA investors and the opportunity to lead a class action lawsuit could have further fueled the bearish sentiment surrounding the stock.

28.05.2024 - WBA Stock was up 5.3%

• The significant uptrend in WBA's stock price today can be explained by the following reasons:
• Despite financial challenges and the possibility of exclusion from the Nasdaq 100 index, some investors may view WBA's current valuation as appealing following the substantial stock price decline.
• The disclosure of a securities fraud investigation by the Schall Law Firm might have generated investor attention towards the stock, as clarification on potential legal consequences could offer relief.
• Given the stock hitting a 27-year low and the potential replacement within the Nasdaq 100 index, certain investors could see the current valuation as an attractive entry point for a potential recovery opportunity.
• Investor interest could have been sparked by monitoring historical chart levels, stimulating buying activity and driving the positive movement despite recent negative developments related to the company.

27.05.2024 - WBA Stock was down 24.5%

• Walgreens Boots Alliance (WBA) faced a 25-year low in its stock price after missing earnings expectations for the third quarter of 2024.
• The announcement of imminent store closures due to struggling customer engagement and profitability issues added further pressure on the stock.
• The combination of poor earnings results, lowered outlook for the full year, and the impact of inflation on consumer spending contributed to the significant bearish movement in WBA stock.
• Investors reacted negatively to the news, leading to a sharp decline in the stock price as market sentiment turned sour on the company's future prospects.

27.05.2024 - WBA Stock was down 24.1%

• WBA stock plummeted nearly 25% to a 27-year low after missing earnings expectations for the third quarter and revising down its full-year outlook.
• The company reported earnings per share of 63 cents, falling short of the analyst estimate of 71 cents, showcasing a -5.97% earnings surprise.
• Weak consumer demand and a difficult operating environment were cited as reasons for the disappointing performance, leading to a sharp decline in the stock price.
• The market's reaction reflects investors' concerns about Walgreens Boots Alliance's ability to navigate challenges and meet financial targets in the current economic landscape.

27.05.2024 - WBA Stock was down 25.0%

• Concerns among investors have arisen about potential issues affecting CVS due to WBA's poor earnings performance, leading to a ripple effect on related companies like CVS Health Corp.
• Investor sentiment in the financial services sector has been impacted by a decline in shares following the announcement of a reverse stock split by New York Community Bancorp (NYCB).
• The stock's volatility ahead of the Trump-Biden debate suggests that Phunware's ties to former President Trump can influence its stock movement based on political events.
• WBA's significant drop to 25-year lows post-Q3 earnings miss indicates underlying challenges within the company, contributing to a bearish sentiment in the market.

01.06.2024 - WBA Stock was down 5.1%

• Today, WBA experienced a downward trend in its stock price.
• A notable analyst reduced the price target for WBA, reflecting doubts about the company's future prospects.
• Recent bankruptcy proceedings of a partner company, including financial ties to Walgreens, may have influenced negative investor sentiment towards WBA.
• There is a general sense of caution in the market towards large established companies, with concerns raised about specific underperforming blue-chip stocks, potentially impacting WBA's stock performance adversely.

19.06.2024 - WBA Stock was down 6.3%

• The class action lawsuits and investigations against WBA by multiple law firms have likely caused uncertainty and negative sentiment among investors.
• The scrutiny on WBA's possible violations of federal securities laws could be contributing to the bearish movement in the stock.
• The negative spotlight on WBA's financial health and debt levels might be adding pressure on the stock price.
• Despite the positive outlook on tech stocks, the challenges faced by WBA seem to be outweighing the broader market trends, leading to the bearish movement in the stock.

19.06.2024 - WBA Stock was down 5.9%

• Class action lawsuits filed against Walgreens Boots Alliance, Inc. likely influenced the bearish movement in the stock.
• Legal uncertainties and investor concerns from the investigations may have affected confidence in the company's financial stability.
• Negative publicity regarding the lawsuits might have prompted investors to sell shares, resulting in a decrease in the stock price.
• Warnings about stocks drowning in debt could have exacerbated the negative sentiment, especially if investors associated WBA with high debt levels and financial risks.