Key TakeawaysWalgreens joined the growing list of retailers starting to cut prices in the hopes of winnings back consumers who have changed their shopping habits due to inflation.The retailer said Wednesday that it is lowering prices on over 1,300 products and launching promotional events over the summer.A number of retailers including Walmart and Target also announced in recent weeks they are reducing prices for some items.Walgreens shares fell over 3% Wednesday following the announcement. Shares of Walgr ...

Walgreens on Wednesday announced its cutting prices and launching a series of new promotions throughout the summer in an attempt to entice price-conscious consumers and drive sales.  Walgreens said it would lower prices on more than 1,300 national and store-brand products. Among its summer promotional campaigns, the company plans to bring back Walgreens' myW Days in mid-July. MyW days are exclusive promotions for myWalgreens members, underscoring the company's attempt to boost its loyalty program. Global Ch ...

Is the stock a value or a value trap?It's been an ugly past year for Walgreens Boots Alliance (WBA -1.22%) stock, which is down over 45% in that span. It's been a tough decade, in fact, with the stock plunging over 75% over the past 10 years.With the stock now trading where it was in 1998, let's look what has gone wrong for the company and whether investors should consider picking up shares in the stock at these levels.Company strugglesOne of the biggest issues facing Walgreens, and the pharmacy industry in ...

In the latest trading session, Walgreens Boots Alliance (WBA) closed at $16.03, marking a +0.5% move from the previous day. The stock lagged the S&P 500's daily gain of 0.7%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 1.1%.Shares of the largest U.S. drugstore chain have depreciated by 9.38% over the course of the past month, underperforming the Retail-Wholesale sector's gain of 1.98% and the S&P 500's gain of 4.03%.Investors will be eagerly watchin ...

GERMANY - 2024/02/15: In this photo illustration, Walgreens Boots Alliance logo seen displayed on a ... [+] tablet. (Photo Illustration by Igor Golovnov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWalgreens stock (NYSE: WBA) currently trades at $17 per share, about 70% below the level seen in April 2021, and it appears undervalued. WBA stock was trading at around $38 in early June 2022, just before the Fed started increasing rates, and is now 56% below that level, compar ...

Walgreens logo is seen on a truck semitrailer in Florida Keys, United States on May 7, 2024. (Photo ... [+] by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesWalgreens saw its stock rise 5% on Monday, May 13, following the reports that it has contacted potential buyers for the Boots business. [1] Boots is a UK-based drugstore chain, and it could be valued at around $9 billion. If Walgreens succeeds in the sale of Boots at a valuation above $9 billion, it will likely provide a boost to its ...

Walgreens on Wednesday said it will offer its own cheaper version of the over-the-counter opioid overdose reversal spray naloxone. The drug is available online and will be in all stores at the end of the month. The drug store retailer aims to boost the availability of the life-saving medication in the U.S. as the nation grapples with the toll of the opioid epidemic and attempts to bring down alarmingly high drug fatality rates.More than 645,000 people died from overdoses involving any opioid, including pres ...

In the latest market close, Walgreens Boots Alliance (WBA) reached $18.35, with a +1.27% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.48% for the day. On the other hand, the Dow registered a gain of 0.32%, and the technology-centric Nasdaq increased by 0.75%.Shares of the largest U.S. drugstore chain witnessed a gain of 2.66% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.45% and the S&P 500's gain of ...

A major sale might be in the offing across the ocean.Will Walgreens Boots Alliance (WBA 5.41%) soon divest one of its name business units?That might be in the cards, according to a media report published Monday morning. On that possibility, investors loaded up on shares of the sprawling pharmacy-chain operator, sending its stock up more than 5% in price.A large U.K. asset might be for saleThat report was published before market hours in Bloomberg and stated that Walgreens is moving to engage with potential ...

Key TakeawaysWalgreens Boots Alliance has reportedly begun efforts to solicit potential buyers for its U.K.-based Boots pharmacy chain.Bloomberg said Boots could be valued at 7 billion British pounds ($8.8 billion).Walgreens looked to sell Boots previously, but gave up in June 2022 as volatile financial markets prevented suitors from offering enough for the unit. Walgreens Boots Alliance (WBA) shares jumped in intraday trading Monday following a report that the big drugstore chain has been reaching out to p ...