Large Inflow of Money Detected in Walgreens Boots Alliance

Walgreens Boots Alliance (WBA) : On Tuesday, The money flowed into the Walgreens Boots Alliance (WBA) stock with an uptick to downtick ratio was recorded at 1.31. Transactions worth $31.21 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $23.89 million. The total money flow into the stock was $7.31 million. The block trades reveal a bullish bias with an up-down ratio of 4.4. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.63 million of block transactions on upticks. The value of block trades on downticks was $1.28 million, indicating lower selling interest. The total money flow in block trades was $4.35 million. In terms of price action, Walgreens Boots Alliance (WBA) traded down $0.03 during the session at $80.32. Compared to the previous days closing, the stock was down only by -0.04%. For the week, the stock is 1.17%, over previous weeks closing.


Also, Major Brokerage house, Keefe Bruyette & Woods downgrades its ratings on Walgreens Boots Alliance (NASDAQ:WBA). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on July 22, 2016.

Walgreens Boots Alliance, Inc. has dropped 2.26% in the last five trading days, however, the shares have posted positive gains of 2.04% in the last 4 weeks. Walgreens Boots Alliance, Inc. is up 3.57% in the last 3-month period. Year-to-Date the stock performance stands at -4.13%.

Walgreens Boots Alliance (NASDAQ:WBA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.41 and $79.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.52, notching a gain of 0.21% for the day. The total traded volume was 2,782,911 . The stock had closed at $80.35 on the previous day.

In a related news, Foote William C, director of Walgreens Boots Alliance, Inc., unloaded 2,067 shares at an average price of $81.35 on July 26, 2016. The total amount of the transaction was worth $168,150, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Walgreens Boots Alliance, Inc. (Walgreens Boots Alliance) is a holding company. The Company is a global pharmacy-led health and wellbeing enterprise. It operates through three segments: Retail Pharmacy USA, which consists of the Walgreens business, including the operation of retail drugstores and convenient care clinics, in addition to providing specialty pharmacy services; Retail Pharmacy International, which consists of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations, and Pharmaceutical Wholesale, which consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. Its portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, and Soap & Glory. Walgreens Boots Alliance, through its subsidiary, Liz Earle Beauty Co. Ltd, offers the Liz Earle skincare brand.

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