Walgreens Boots Alliance Inc. ($WBA) Stock Forecast: Up 5.3% Today

What is Walgreens Boots Alliance Inc.?

Walgreens Boots Alliance (WBA) is a retail pharmacy giant experiencing financial difficulties and market pressures. The company recently disclosed store closures and adjusted its financial outlook, resulting in a notable decrease in its stock value.

Why is Walgreens Boots Alliance Inc. going up?

WBA stock is up 5.3% on Jun 28, 2024 14:26

• 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.

WBA Price Chart

WBA News

Watch These Levels in Walgreens'' Stock Price After Plunge to 27-Year Low

Walgreens Boots Alliance shares plummeted to a 27-year low Thursday after the pharmacy chain and healthcare provider missed profit estimates and slashed its outlook amid weakening consumer demand. Monitor these historical chart levels to see where the shares may attract buying interest.

https://www.investopedia.com/watch-these-levels-in-walgreens-stock-price-after-plunge-to-27-year-low-8671015

3 Stocks That Should Have Replaced Sirius XM Holdings in the Nasdaq 100 (Rather Than ARM)

When I  first thought of the idea for this article, Sirius XM Holdings (NASDAQ:SIRI) was still a part of the Nasdaq 100, a collection of 100 of the largest non-financial stocks listed on Nasdaq. However, there was speculation certain companies were Nasdaq 100 stock candidates to replace the satellite radio business.  Sure enough, on June 13, Nasdaq announced that SIRI was out and Arm Holdings (NASDAQ:ARM) was in. Sirius XM was ousted from the index because its market capitalization had fallen below 0.1% of the total market cap of the 100 companies.  With the addition-subraction move, the index’s total market cap jumped by approximately $150 billion. It now sits at $26.03 trillion. This suggests that several other companies could be dropped from the index in the weeks and months ahead. Possible deletions include Walgreens Boots Alliance (NASDAQ:WBA), which is the smallest weighting in the index at 0.09%.     With up to four stocks on the chopping block, here are my three Nasdaq 100 stock candidates.

https://investorplace.com/2024/06/3-stocks-that-should-have-replaced-sirius-xm-holdings-in-the-nasdaq-100-rather-than-arm/

Who Owns Walgreens Boots Alliance Stock (WBA)?

Shares of the retail pharmacy giant Walgreens Boots Alliance (NASDAQ:WBA) are under pressure. Its weak outlook and store closures didn’t sit w…

https://www.tipranks.com/news/who-owns-walgreens-boots-alliance-stock-wba

Walgreens Faces Nasdaq 100 Ouster Amid Financial Woes; Super Micro Computer Eyed As Replacement: Report

In a series of setbacks for Walgreens Boots Alliance Inc. (NASDAQ: WBA ), the company is now at risk of being removed from the Nasdaq 100 index. The potential replacement is Super Micro Computer Inc. (NASDAQ: SMCI ), which could mark another blow for the struggling pharmacy giant . What Happened : Walgreens, which was ousted from the Dow Jones Industrial Average in February, is now facing the possibility of being dropped from the Nasdaq 100 index. The most likely candidate for its replacement is Super Micro Computer, as reported in Barron’s feature on Thursday. Walgreens’ shares plummeted by 22.2% to $12.19 on Thursday after the company announced the closure of several pharmacies and revised its financial guidance for the current fiscal year to around $2.87 a share, below the consensus of $3.21. With a market value of approximately $10.5 billion, Walgreens is at risk of being removed from the Nasdaq 100, which requires its members to have a market value of at least … Full story available on Benzinga.

https://www.benzinga.com/markets/equities/24/06/39540725/walgreens-faces-nasdaq-100-ouster-amid-financial-woes-super-micro-computer-eyed-as-replacement-r

WBA Investors Have the Opportunity to Join Walgreens Boots Alliance, Inc. Securities Fraud Investigation with the Schall Law Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Walgreens Boots Alliance, Inc. (“Walgreens” or “the Company”) (NASDAQ: WBA) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent Jetzt den vollständigen Artikel lesen

https://www.wallstreet-online.de/nachricht/18227039-wba-investors-have-the-opportunity-to-join-walgreens-boots-alliance-inc-securities-fraud-investigation-with-the-schall-law-firm

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Walgreens Boots Alliance Inc. Price History

27.05.2024 - WBA Stock was up 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.

27.05.2024 - WBA Stock was up 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 up 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 up 24.3%

• Walgreens Boots Alliance shares dropped to 27-year lows after reporting profit below expectations and revising its outlook downwards, reflecting a challenging operating environment.
• The company pointed to tough pharmacy industry trends and a weak US consumer environment, causing a reduction in discretionary spending.
• Despite US equities making modest gains and tech stocks holding firm, Walgreens' struggles stood out amidst disappointing news from other companies like Nvidia and Micron.
• Investors are monitoring the inflation report, but the spotlight is on individual companies like Walgreens, which could be an early indicator of broader economic obstacles.

27.05.2024 - WBA Stock was up 24.3%

• WBA experienced a strong bearish movement following a disappointing earnings report and lowered guidance.
• The company cited challenging pharmacy industry trends, a weak US consumer environment, and a sustained pullback in discretionary spending as reasons for the poor performance.
• Plans to close a significant portion of stores over the next three years and the impact of growing competition from discount retailers like Walmart and Amazon contributed to the negative market sentiment.
• The overall market sentiment was cautious as investors awaited a key report on inflation, leading to a lackluster performance on Wall Street.

27.05.2024 - WBA Stock was up 22.8%

• Third-quarter earnings from Walgreens Boots Alliance (WBA) fell short of investor expectations, resulting in a decline in stock value.
• The company's adjusted annual forecast and profit shortfall were key factors in the negative investor sentiment.
• While revenue surpassed estimates, the combination of financial results and revised guidance overshadowed the positive performance, leading to a stock decline.
• Investor response suggests a strong emphasis on future company performance and dissatisfaction with Walgreens Boots Alliance's outlook.

18.05.2024 - WBA Stock was up 5.2%

• Despite the overall market dipping, Walgreens Boots Alliance (WBA) managed to gain, showcasing its resilience and strength in the market.
• The bullish stance taken by big money investors on WBA through options trading indicates confidence in the company's future prospects, potentially driving up the stock price.
• The continuous struggle of Walgreens stock to break out of its downward trend might have created a buying opportunity for investors, leading to the bullish movement today.

31.04.2024 - WBA Stock was up 5.2%

• The decision by Walgreens to slash prices on over 1,300 products has resulted in a strong bullish movement in its stock.
• The company's proactive approach to addressing consumer financial strain and inflationary pressures by offering discounts has been well-received by investors.
• By focusing on lowering prices on essential items such as health and wellness products, personal care items, and seasonal products, Walgreens aims to attract more customers and increase market share.
• This strategic move aligns with the current consumer trend of prioritizing needs over wants due to inflation, positioning Walgreens as a competitive player in the retail pharmacy industry.

29.04.2024 - WBA Stock was up 5.0%

• Walgreens Boots Alliance announced a significant price reduction on over 1,300 products, which might have raised concerns about its profit margins and revenue growth prospects.
• The stock hitting its lowest level since 1998 could have triggered a sell-off as investors might be skeptical about the company's long-term performance.
• The overall bearish market sentiment towards Nasdaq stocks could have also influenced the decline in WBA's stock price.
• Despite the slight recovery at the end of the trading session, the underperformance of Walgreens Boots Alliance compared to the overall market suggests that investors remain cautious about the company's future outlook.

29.04.2024 - WBA Stock was up 5.1%

• WBA stock hit its lowest level since 1998, prompting investors to question whether it's a value opportunity or a value trap.
• Despite underperforming the market with a slight 0.5% increase, the company is making strides in women's health initiatives and mental health awareness, showcasing a commitment to social responsibility.
• The broader market dynamics, including cooling inflation and high demand for AI products, have influenced the Nasdaq Composite's rally, but not all Nasdaq-listed stocks have benefitted equally.
• The bearish movement in WBA could be attributed to concerns about its financial performance amidst macroeconomic uncertainty and sector-specific challenges, despite its efforts in healthcare innovation and community engagement.

13.04.2024 - WBA Stock was up 5.1%

• WBA stock experienced a bullish movement today.
• The launch of gene and cell services as part of the newly integrated Walgreens Specialty Pharmacy business could have boosted investor confidence in the company's growth prospects.
• The partnership between DoorDash and Walgreens to provide unprecedented access for SNAP customers might have attracted positive attention from investors, indicating potential for increased revenue streams.
• Overall, these strategic initiatives to enhance pharmacy services and expand customer accessibility could have contributed to the bullish market movement of WBA stock.

11.03.2024 - WBA Stock was up 5.9%

• Walgreens (WBA) stock hits a 26-year low, indicating a prolonged bearish trend in the market.
• The company's decision to cut its dividend payout to conserve cash is a cause of concern among investors.
• Lower interest rates may further impact the company's profitability, affecting investor confidence.
• Efforts to enhance medication adherence might not be sufficient to counter the negative market sentiment affecting the stock price.