Sunday, June 26, 2022

Walgreens Boots Alliance Inc. (WBA) may enjoy gains as insiders got busy in the recent days

In a filing, Walgreens Boots Alliance Inc. revealed its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $900.0 million on May 11. In the deal valued at $150.00 per share,6,000,000 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 52,854,867 shares worth roughly $ 2.12 billion.


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Then, SCHLICHTING NANCY M sold 2,725 shares, generating $128,497 in total proceeds. Upon selling the shares at $47.16, the Director now owns 16,570 shares.

As this happened, Robert W. Baird downgraded its Walgreens Boots Alliance Inc. [WBA] rating to a Neutral from a an Outperform in a research note published on Tuesday, April 01, 2022; the price target was decreased to $51 from $70. PT values the company’s stock at a premium of 21.37 to its Tuesday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Equal-weight” to “an Underweight”. Deutsche Bank also remained covering WBA and reiterated its “Hold” recommendation on March 25, 2021. Robert W. Baird revised its rating on January 11, 2021. It rated WBA as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of WBA

On Tuesday, Walgreens Boots Alliance Inc. [NASDAQ:WBA] saw its stock jump 1.98% to $40.10. On the same session, the stock had its day’s lowest price of $39.17, but rose to a high of $40.325. Over the last five days, the stock has lost -0.45%. Walgreens Boots Alliance Inc. shares have fallen nearly -23.12% since the year began. Nevertheless, the stocks have fallen -22.78% over the past one year. While a 52-week high of $55.00 was reached on 01/11/22, a 52-week low of $39.14 was recorded on 06/16/22. SMA at 50 days reached $43.21, while 200 days put it at $47.32. A total of 5.42 million shares were traded, compared to the trading of 7.78 million shares in the previous session.

Levels Of Support And Resistance For WBA Stock

The 24-hour chart illustrates a support level at 39.40, which if violated will result in even more drops to 38.71. On the upside, there is a resistance level at 40.56. A further resistance level may holdings at 41.02. The Relative Strength Index (RSI) on the 14-day chart is 37.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.21%. Stochastics %K at 8.94% indicates the stock is a buying.

Walgreens Boots Alliance Inc. [WBA] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 56,080,795 shares, or roughly 6.49% of the outstanding WBA shares. In other words, the investor’s shares have fallen by -199,843 from its previous 13-F filing of 56280638.0. Additionally, SSgA Funds Management, Inc. increased 6.21% of its stake after which the total value it holdings stand at $2,183,707,990, while BlackRock Fund Advisors added 3.84% of its stake to hold $1.71 billion in the firm. Over the last quarter, Capital Research & Management Co sold -18,542 shares of Walgreens Boots Alliance Inc., while Geode Capital Management LLC sold 468,912 shares. At present, Fidelity Management & Research Co is holding 12,284,222 shares valued at $538.42 million. Northern Trust Investments, Inc. owned 8,329,008 shares of the company at the time of its most recent 13F filing, worth $365.06 million.

According to FactSet, Walgreens Boots Alliance Inc.’s share price will average $47.19 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.08 percent from its previous closing price of $39.32. Analysts expect Walgreens Boots Alliance Inc. stock to reach the higher price of $52.00, while the lowest price estimate is $40.00. However, 20 analysts have rated WBA stock as a Hold in their predictions for 2022.

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