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Walgreens Boots Alliance Inc. ($WBA) Stock Forecast: Down 5.1% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is Walgreens Boots Alliance Inc.?

Walgreens Boots Alliance (WBA) is a pharmacy retail company traded on the NASDAQ, with a global presence focusing on health and wellness products.

Why is Walgreens Boots Alliance Inc. going down?

WBA stock is down 5.1% on Jul 1, 2024 16:05

  • Today, WBA experienced a downward trend in its stock price.
  • A notable analyst reduced the price target for WBA, reflecting doubts about the company's future prospects.
  • Recent bankruptcy proceedings of a partner company, including financial ties to Walgreens, may have influenced negative investor sentiment towards WBA.
  • There is a general sense of caution in the market towards large established companies, with concerns raised about specific underperforming blue-chip stocks, potentially impacting WBA's stock performance adversely.

WBA Price Chart

WBA News

Walgreens Boots Alliance Stock (NASDAQ:WBA): Here’s Why TD Cowen Slashed its Price Target

TD Cowen analyst Charles Rhyee slashed the price target on Walgreens Boots Alliance stock to $22 from $35 while keeping a Buy rating. Despite his c…

https://www.tipranks.com/news/walgreens-boots-alliance-stock-nasdaqwba-heres-why-td-cowen-slashed-its-price-target

News Article Image Walgreens Boots Alliance Stock (NASDAQ:WBA): Here’s Why TD Cowen Slashed its Price Target

Why Is Chicken Soup for the Soul Entertainment (CSSE) Stock Down 29% Today?

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) stock is falling hard on Monday after the Redbox parent company announced a Chapter 11 bankruptcy filing. The filing reveals that Chicken Soup for the Soul Entertainment is struggling with massive amounts of debt higher than $1 billion. On top of that, the company still owes plenty of money to its partners. That includes retailers, such as Walmart (NYSE:WMT) and Walgreens (NASDAQ:WBA), as well as entertainment companies BBC and Sony (NYSE:SONY). Investors will note that this bankruptcy filing specifically focuses on Chicken Soup for the Soul Entertainment’s Red Box media division. It doesn’t cover the part of the company that handles its book publishing business.

https://investorplace.com/2024/07/why-is-chicken-soup-for-the-soul-entertainment-csse-stock-down-29-today/

News Article Image Why Is Chicken Soup for the Soul Entertainment (CSSE) Stock Down 29% Today?

7 F-Rated Blue-Chip Stocks That’ll Have You Seeing Red

I’ve long been a proponent of blue-chip stocks as reliable anchors in an investment portfolio. But you can’t buy them blindly. While there are outstanding blue-chip stocks out there, there’s the other side of the coin – F-rated blue-chip stocks that will do serious damage unless you properly identify them as stocks to sell. Blue-chip stocks represent names you already know – some of the most well-established and financially sound companies on the market. Blue chips are recognized leaders in their fields, sport large market capitalizations and usually offer enticing dividend payments. Using the Portfolio Grader, you can quickly identify which blue-chip names are underperforming the market. And you can even find some names doing so badly with earnings, revenue growth, momentum and analyst sentiment that they get a dreaded “F” rating. If you own an F-rated blue-chip stock, you are leaving money on the table that could be better utilized in more promising opportunities. Holding on comes with a lot of risk because a turnaround is not guaranteed, and if it comes at all, it could take a long time. Your money is better spent with highly rated stocks that will help you along your investing journey. These are some F-rated stocks to sell now. It’s not too late to divest from these underperforming blue chips and move your money to more promising opportunities.

https://investorplace.com/market360/2024/07/7-f-rated-blue-chip-stocks-thatll-have-you-seeing-red/

News Article Image 7 F-Rated Blue-Chip Stocks That’ll Have You Seeing Red

Trump Media & Technology And Grindr Were Among The 10 Biggest Mid-Cap Stock Gainers Last Week ( June 23 - June 29 ) : Are These In Your Portfolio? - Grindr ( NYSE:GRND ) , Trump Media & Technology ( NASDAQ:DJTWW )

These mid-cap stocks were the best performers in the last week. Are they in your portfolio? Moderna And Walgreens Boots Alliance Were Among The 10 Biggest Large Cap Losers Last Week ( June 23 - June 29 ) : Are These In Your Portfolio?

https://www.benzinga.com/news/mid-cap/24/06/39565880/trump-media-technology-and-grindr-were-among-the-10-biggest-mid-cap-stock-gainers-last-week-june-23

News Article Image Trump Media & Technology And Grindr Were Among The 10 Biggest Mid-Cap Stock Gainers Last Week  ( June 23 - June 29 ) : Are These In Your Portfolio? - Grindr  ( NYSE:GRND ) , Trump Media & Technology  ( NASDAQ:DJTWW )

Down Over 60%, Is Walgreens Boots Alliance a Bad-News Buy?

After falling a long way, the pharmacy stock is trading at a surprisingly low valuation.

https://www.fool.com/investing/2024/06/30/down-over-60-is-walgreens-boots-alliance-a-bad-new/?source=iedfolrf0000001

News Article Image Down Over 60%, Is Walgreens Boots Alliance a Bad-News Buy?

Walgreens Boots Alliance Inc. Price History

01.06.2024 - WBA Stock was down 5.1%

  • Today, WBA experienced a downward trend in its stock price.
  • A notable analyst reduced the price target for WBA, reflecting doubts about the company's future prospects.
  • Recent bankruptcy proceedings of a partner company, including financial ties to Walgreens, may have influenced negative investor sentiment towards WBA.
  • There is a general sense of caution in the market towards large established companies, with concerns raised about specific underperforming blue-chip stocks, potentially impacting WBA's stock performance adversely.

28.05.2024 - WBA Stock was up 5.3%

  • The significant uptrend in WBA's stock price today can be explained by the following reasons:
  • Despite financial challenges and the possibility of exclusion from the Nasdaq 100 index, some investors may view WBA's current valuation as appealing following the substantial stock price decline.
  • The disclosure of a securities fraud investigation by the Schall Law Firm might have generated investor attention towards the stock, as clarification on potential legal consequences could offer relief.
  • Given the stock hitting a 27-year low and the potential replacement within the Nasdaq 100 index, certain investors could see the current valuation as an attractive entry point for a potential recovery opportunity.
  • Investor interest could have been sparked by monitoring historical chart levels, stimulating buying activity and driving the positive movement despite recent negative developments related to the company.

27.05.2024 - WBA Stock was down 25.0%

  • Concerns among investors have arisen about potential issues affecting CVS due to WBA's poor earnings performance, leading to a ripple effect on related companies like CVS Health Corp.
  • Investor sentiment in the financial services sector has been impacted by a decline in shares following the announcement of a reverse stock split by New York Community Bancorp (NYCB).
  • The stock's volatility ahead of the Trump-Biden debate suggests that Phunware's ties to former President Trump can influence its stock movement based on political events.
  • WBA's significant drop to 25-year lows post-Q3 earnings miss indicates underlying challenges within the company, contributing to a bearish sentiment in the market.

27.05.2024 - WBA Stock was down 24.5%

  • Walgreens Boots Alliance (WBA) faced a 25-year low in its stock price after missing earnings expectations for the third quarter of 2024.
  • The announcement of imminent store closures due to struggling customer engagement and profitability issues added further pressure on the stock.
  • The combination of poor earnings results, lowered outlook for the full year, and the impact of inflation on consumer spending contributed to the significant bearish movement in WBA stock.
  • Investors reacted negatively to the news, leading to a sharp decline in the stock price as market sentiment turned sour on the company's future prospects.

27.05.2024 - WBA Stock was down 24.1%

  • WBA stock plummeted nearly 25% to a 27-year low after missing earnings expectations for the third quarter and revising down its full-year outlook.
  • The company reported earnings per share of 63 cents, falling short of the analyst estimate of 71 cents, showcasing a -5.97% earnings surprise.
  • Weak consumer demand and a difficult operating environment were cited as reasons for the disappointing performance, leading to a sharp decline in the stock price.
  • The market's reaction reflects investors' concerns about Walgreens Boots Alliance's ability to navigate challenges and meet financial targets in the current economic landscape.

27.05.2024 - WBA Stock was down 24.3%

  • Walgreens Boots Alliance shares dropped to 27-year lows after reporting profit below expectations and revising its outlook downwards, reflecting a challenging operating environment.
  • The company pointed to tough pharmacy industry trends and a weak US consumer environment, causing a reduction in discretionary spending.
  • Despite US equities making modest gains and tech stocks holding firm, Walgreens' struggles stood out amidst disappointing news from other companies like Nvidia and Micron.
  • Investors are monitoring the inflation report, but the spotlight is on individual companies like Walgreens, which could be an early indicator of broader economic obstacles.

27.05.2024 - WBA Stock was down 24.3%

  • WBA experienced a strong bearish movement following a disappointing earnings report and lowered guidance.
  • The company cited challenging pharmacy industry trends, a weak US consumer environment, and a sustained pullback in discretionary spending as reasons for the poor performance.
  • Plans to close a significant portion of stores over the next three years and the impact of growing competition from discount retailers like Walmart and Amazon contributed to the negative market sentiment.
  • The overall market sentiment was cautious as investors awaited a key report on inflation, leading to a lackluster performance on Wall Street.

27.05.2024 - WBA Stock was down 22.8%

  • Third-quarter earnings from Walgreens Boots Alliance (WBA) fell short of investor expectations, resulting in a decline in stock value.
  • The company's adjusted annual forecast and profit shortfall were key factors in the negative investor sentiment.
  • While revenue surpassed estimates, the combination of financial results and revised guidance overshadowed the positive performance, leading to a stock decline.
  • Investor response suggests a strong emphasis on future company performance and dissatisfaction with Walgreens Boots Alliance's outlook.

18.05.2024 - WBA Stock was up 5.2%

  • Despite the overall market dipping, Walgreens Boots Alliance (WBA) managed to gain, showcasing its resilience and strength in the market.
  • The bullish stance taken by big money investors on WBA through options trading indicates confidence in the company's future prospects, potentially driving up the stock price.
  • The continuous struggle of Walgreens stock to break out of its downward trend might have created a buying opportunity for investors, leading to the bullish movement today.

31.04.2024 - WBA Stock was up 5.2%

  • The decision by Walgreens to slash prices on over 1,300 products has resulted in a strong bullish movement in its stock.
  • The company's proactive approach to addressing consumer financial strain and inflationary pressures by offering discounts has been well-received by investors.
  • By focusing on lowering prices on essential items such as health and wellness products, personal care items, and seasonal products, Walgreens aims to attract more customers and increase market share.
  • This strategic move aligns with the current consumer trend of prioritizing needs over wants due to inflation, positioning Walgreens as a competitive player in the retail pharmacy industry.

29.04.2024 - WBA Stock was down 5.0%

  • Walgreens Boots Alliance announced a significant price reduction on over 1,300 products, which might have raised concerns about its profit margins and revenue growth prospects.
  • The stock hitting its lowest level since 1998 could have triggered a sell-off as investors might be skeptical about the company's long-term performance.
  • The overall bearish market sentiment towards Nasdaq stocks could have also influenced the decline in WBA's stock price.
  • Despite the slight recovery at the end of the trading session, the underperformance of Walgreens Boots Alliance compared to the overall market suggests that investors remain cautious about the company's future outlook.

29.04.2024 - WBA Stock was down 5.1%

  • WBA stock hit its lowest level since 1998, prompting investors to question whether it's a value opportunity or a value trap.
  • Despite underperforming the market with a slight 0.5% increase, the company is making strides in women's health initiatives and mental health awareness, showcasing a commitment to social responsibility.
  • The broader market dynamics, including cooling inflation and high demand for AI products, have influenced the Nasdaq Composite's rally, but not all Nasdaq-listed stocks have benefitted equally.
  • The bearish movement in WBA could be attributed to concerns about its financial performance amidst macroeconomic uncertainty and sector-specific challenges, despite its efforts in healthcare innovation and community engagement.

13.04.2024 - WBA Stock was up 5.1%

  • WBA stock experienced a bullish movement today.
  • The launch of gene and cell services as part of the newly integrated Walgreens Specialty Pharmacy business could have boosted investor confidence in the company's growth prospects.
  • The partnership between DoorDash and Walgreens to provide unprecedented access for SNAP customers might have attracted positive attention from investors, indicating potential for increased revenue streams.
  • Overall, these strategic initiatives to enhance pharmacy services and expand customer accessibility could have contributed to the bullish market movement of WBA stock.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.