Walgreens Boots Alliance (WBA) has been talking points in the market with concerns arising with bearish opinions and doubts about the company's cash flow. The stock faced a depreciation with a new 1-year low at $10.56. It is also noted that various class-action lawsuits have been filed against the company. WBA managed to surpass market returns, yet institutional shareholders had to undertake severe actions due to the significant drop in the company's market cap. WBA announced the pricing of $750,000,000 of Senior Unsecured Notes and the declaration of a quarterly dividend. WBA also reported disappointing Q3 earnings and announced leadership appointments. Amid these developments, WBA sought a £7 billion sale and sold shares of Cencora for significant proceeds. The company introduced its Summer of Savings and appointed new leaders to its retail and customer experience team. However, WBA stock hit a 27-year low due to a massive earnings miss.
Walgreens Boots Alliance WBA News Analytics from Thu, 08 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 17:11:13 GMT -
Rating -8
- Innovation -3
- Information 5
- Rumor -7
