Walgreens Boots Alliance (WBA) has risen sharply, recording gains of 1.52% in the past 4 weeks. However, the stock has corrected -0.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Walgreens Boots Alliance, Inc. is up 7.44% in the last 3-month period. Year-to-Date the stock performance stands at -1.67%. The stock has recorded a 20-day Moving Average of 2.19% and the 50-Day Moving Average is 1.27%.
Walgreens Boots Alliance (NASDAQ:WBA): The stock opened at $82.32 on Friday but the bulls could not build on the opening and the stock topped out at $82.83 for the day. The stock traded down to $82.02 during the day, due to lack of any buying support eventually closed down at $82.59 with a loss of -0.07% for the day. The stock had closed at $82.65 on the previous day. The total traded volume was 2,757,209 shares.
Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods downgrades its rating on Walgreens Boots Alliance (NASDAQ:WBA). The rating major has initiated the coverage with underperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on July 22, 2016.
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.