LOGI and WBA attracted downgrades to "underperform" and "sell," respectively
Shares of Logitech International SA (NASDAQ:LOGI) and Walgreens Boots Alliance Inc (NASDAQ:WBA) are gapping lower today after downgrades. Specifically, BofA Global Research downgraded the former to "underperform" from "neutral" noting recent struggles and tariff threads, while Deutsche Bank downgraded the latter to "sell" from "hold" due to high uncertainty.
LOGI was last seen down 2.9% to trade at $98.24, pivoting lower from a recent attempt to conquer its Feb. 14, three-year high of $105.65. The equity yesterday closed below its 20-day moving average for the first time since January, but already rose 18.8% so far in 2025.
Options traders have been much more bullish than usual, per LOGI's 50-day call/put volume ratio of 31,05 over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 98% of annual readings.
WBA is down 3.8% to trade at $10.81, looking to extend its 49.7% year-over-year deficit. Though shares also sport a 15.5% year-to-date gain, overhead pressure at the $12 level has been capping rallies since late January.
Options bulls are targeting Walgreens Boots Alliance stock, with 28,000 calls across the tape so far -- double the intraday average volume -- compared to only 5,051 puts. Most popular is the weekly 2/28 11-strike call, which is set to expire after today's closing bell.