Why Walgreens Stock Tumbled 64% in 2024

Shares of Walgreens Boots Alliance (WBA 2.86%) fell sharply last year as a combination of declining vaccine demand, headwinds on consumer discretionary spending, and misguided acquisitions led to a series of dismal earnings reports from the company.As a result, Walgreens was forced to cut its dividend, took a multibillion-dollar impairment charge, and lost its place in the Dow Jones Industrial Average (^DJI 0.52%). According to data from S&P Global Market Intelligence, the stock fell 64% over the course of ...