Walgreens stock can't seem to get out of its tailspin.Sometimes it can seem like a stock is a falling knife, where trying to slow its fall is just going to cut you. That's what Walgreens Boots Alliance (WBA -2.45%) investors may be feeling right now. The stock has dropped to levels it hasn't traded at since the 1990s, and it keeps falling lower. The price drop suggests that the market knows that Walgreens faces a tough road ahead.Walgreens is working to regain the market's confidence. With a new CEO, there' ...

In the latest trading session, Walgreens Boots Alliance (WBA) closed at $15.94, marking a +0.63% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.Shares of the largest U.S. drugstore chain witnessed a loss of 7.85% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.54% and the S&P 500's gain of 3.25%.The investment community will be ...

People wait in in a queue to enter CityMD, a health clinic that offers coronavirus disease (COVID-19) testing, on the Upper West Side as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 19, 2021.Walgreens-backed CityMD will pay $12.04 million to settle Covid fraud allegations brought by the Department of Justice, the department announced on Friday.From February 2020 to April 2022, the urgent care provider allegedly obtained fraudulent government reimbursements ...

Walgreens logo is seen at restaurant in Florida Keys, United States on May 7, 2024. (Photo by Jakub ... [+] Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesGiven its better valuation, we believe Walgreens stock (NYSE: WBA) is a better pick than its peer CVS Health stock (NYSE: CVS). WBA stock trades at 0.1x revenues, versus 0.2x for CVS, given the latter’s superior revenue growth, profitability, and financial position. In the sections below, we discuss why we think WBA is a better pick than CVS. ...

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 ...

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 ...