Walgreens Boots Alliance Ditches U.K. Business Sale

Year-to-date, WBA is down more than 19%

Fernanda Horner

Digital Content Manager

Jun 28, 2022 at 9:40 AM

Walgreens Boots Alliance Inc (NASDAQ:WBA) is ditching plans to sell its pharmacy business in the United Kingdom, noting no third parties made suitable offers on its Boots chain, which is made up of 2,200 pharmacies, health, and beauty stores. The blue-chip name said volatility in the global financial markets was to blame. At last check, WBA is down 1.9% to trade at $41.37.

The shares had been attempting to bounce back from a June 16, one-year low of $39.14 prior to today's drop. It has been a rough year so far for Walgreens Boots Alliance stock, which has struggled with overhead pressure from the 60-day moving average since late January, and now carries a 19.1% year-to-date deficit.

In terms of analyst sentiment, those in coverage of the pharmacy name look to have a grim view. Specifically, nine of the 11 firms in coverage carry a tepid "hold" rating, while two say "sell" or worse.

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.