Walgreens Boots Alliance Ditches U.K. Business Sale

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

Digital Content Manager
Jun 28, 2022 at 9:40 AM
facebook X logo linkedin


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.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI