Walgreens Boots Alliance, Inc.’s Stock Price Plummets to $18.02, Marking a 6.05% Decline

Walgreens Boots Alliance, Inc. (WBA)

18.02 USD -1.16 (-6.05%) Volume: 24.35M

Walgreens Boots Alliance, Inc.’s stock price stands at 18.02 USD, marking a significant drop of -6.05% this trading session, with a high trading volume of 24.35M. The stock has faced a tough year, with a percentage change YTD of -30.98%, reflecting its challenging market performance.

Latest developments on Walgreens Boots Alliance, Inc.

Investors remain vigilant as they anticipate a potential pullback in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) stock, following a strong trading day where it outperformed competitors. Technical analysis of Walgreens suggests this may be due to the company’s integrated approach to medication adherence. Furthermore, Walgreens’ new CEO has proposed strategies to compete with industry giants like Amazon, sparking interest among investors. The company’s stock has not been this cheap in over a decade, making it a compelling proposition for investors.

Walgreens Boots Alliance, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published research on Walgreens Boots Alliance, highlighting the company’s second-quarter operational results that met expectations despite challenges in the U.S. retail environment. The company reported an adjusted EPS of $1.20, showing cost discipline and strong performance in the U.S. Retail Pharmacy segment. Baptista Research aims to evaluate various factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.

Another analyst, Travis Lundy, discussed Walgreens Boots Alliance‘s removal from the Dow Jones Industrial Average, noting that historically, deleted companies tend to outperform in the next six months. The decision to remove Walgreens Boots Alliance was influenced by Walmart’s stock split announcement and the subsequent inclusion of Amazon.com Inc in the index. Despite facing challenges, Walgreens Boots Alliance has shown resilience in its revenue and earnings, emphasizing strategic moves for future growth in the health and retail sectors.

A look at Walgreens Boots Alliance, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Walgreens Boots Alliance has received high ratings for its dividend and value, indicating a positive long-term outlook for investors. The company’s strong dividend score suggests that it has a solid track record of paying dividends to shareholders. Additionally, its value score reflects that the stock may be undervalued compared to its peers, making it an attractive investment option.

However, the company received lower scores for growth, resilience, and momentum. This suggests that Walgreens Boots Alliance may face challenges in terms of growth potential, ability to withstand economic downturns, and maintaining positive stock price momentum. Investors should consider these factors when evaluating the company’s long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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