Investing in Walgreens Boots Alliance Inc. (WBA) Is Getting More Attractive


In a filing, Walgreens Boots Alliance Inc. revealed its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $250.0 million on Aug 03. In the deal valued at $189.27 per share,1,320,858 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 31,769,546 shares worth roughly $ 802.5 million.

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Then, DRISCOLL JOHN PATRICK bought 5,172 shares, generating $146,984 in total proceeds. Upon buying the shares at $28.42, the EVP, Pres. U.S. Healthcare now owns 59,050 shares.

Before that, Walgreens Boots Alliance, Inc. sold 275,984 shares. Walgreens Boots Alliance Inc. shares valued at $50,000,021 were divested by the 10% Owner at a price of $181.17 per share. As a result of the transaction, Walgreens Boots Alliance, Inc. now holds 33,090,404 shares, worth roughly $835.86 million.

Morgan Stanley reiterated its Walgreens Boots Alliance Inc. [WBA] rating to an Underweight in a research note published on Friday, July 03, 2023; the price target was $27. PT values the company’s stock at a premium of 6.44 to its Friday closing price.

Price Performance Review of WBA

On Friday, Walgreens Boots Alliance Inc. [NASDAQ:WBA] saw its stock fall -0.24% to $25.26. On the same session, the stock had its day’s lowest price of $24.97, but rose to a high of $25.56. Over the last five days, the stock has lost -4.82%. Walgreens Boots Alliance Inc. shares have fallen nearly -32.39% since the year began. Nevertheless, the stocks have fallen -31.30% over the past one year. While a 52-week high of $42.29 was reached on 02/02/23, a 52-week low of $25.30 was recorded on 08/25/23. SMA at 50 days reached $29.47, while 200 days put it at $34.17. A total of 10.93 million shares were traded, compared to the trading of 13.17 million shares in the previous session.

Levels Of Support And Resistance For WBA Stock

The 24-hour chart illustrates a support level at 24.97, which if violated will result in even more drops to 24.67. On the upside, there is a resistance level at 25.56. A further resistance level may holdings at 25.85. The Relative Strength Index (RSI) on the 14-day chart is 19.79, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.06%. Stochastics %K at 5.24% indicates the stock is a buying.

How much short interest is there in Walgreens Boots Alliance Inc.?

A steep rise in short interest was recorded in Walgreens Boots Alliance Inc. stocks on Aug 14, 2023, dropping by -1.62 million shares to a total of 35.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 37.24 million shares. There was a decline of -4.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.98% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.84.

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 72,586,816 shares, or roughly 8.41% of the outstanding WBA shares. In other words, the investor’s shares have risen by 11,646,840 from its previous 13-F filing of 60939976.0. Additionally, SSgA Funds Management, Inc. increased 0.08% of its stake after which the total value it holdings stand at $1,670,486,591, while BlackRock Fund Advisors added 6.67% of its stake to hold $1.38 billion in the firm. Over the last quarter, Capital Research & Management Co purchased 59,941 shares of Walgreens Boots Alliance Inc., while Geode Capital Management LLC bought 2,373,357 shares. At present, Invesco Capital Management LLC is holding 12,433,073 shares valued at $372.62 million. Wells Fargo Clearing Services LLC owned 7,584,675 shares of the company at the time of its most recent 13F filing, worth $227.31 million.

According to FactSet, Walgreens Boots Alliance Inc.’s share price will average $31.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.48 percent from its previous closing price of $25.32. Analysts expect Walgreens Boots Alliance Inc. stock to reach the higher price of $41.00, while the lowest price estimate is $27.00. However, 17 analysts have rated WBA stock as a Hold in their predictions for 2023.


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