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WBA stock rated a Market perform by Leerink Partners

Walgreens Boots Alliance Inc’s recently made public that its Director Bhandari Inderpal S acquired Company’s shares for reported $54150.0 on Apr 11 ’24. In the deal valued at $18.05 per share,3,000 shares were bought. As a result of this transaction, Bhandari Inderpal S now holds 3,000 shares worth roughly $55050.00000000001.

Then, Mahajan Manmohan bought 6,000 shares, generating $116,280 in total proceeds. Upon buying the shares at $19.38, the EVP and Global CFO now owns 166,969 shares.

Before that, Walgreens Boots Alliance, Inc. sold 4,212,395 shares. Walgreens Boots Alliance Inc shares valued at $991,639,907 were divested by the 10% Owner at a price of $235.41 per share. As a result of the transaction, Walgreens Boots Alliance, Inc. now holds 26,277,561 shares, worth roughly $482.19 million.

Leerink Partners initiated its Walgreens Boots Alliance Inc [WBA] rating to a Market perform in a research note published on February 26, 2024; the price target was $23. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid February from “a Hold” to “a Reduce”. Barclays began covering WBA with “an Underweight” recommendation on January 03, 2024. HSBC Securities started covering the stock on December 22, 2023. It rated WBA as “a Hold”.

Price Performance Review of WBA

On Tuesday, Walgreens Boots Alliance Inc [NASDAQ:WBA] saw its stock jump 1.27% to $18.35. Over the last five days, the stock has gained 5.76%. Walgreens Boots Alliance Inc shares have fallen nearly -29.72% since the year began. Nevertheless, the stocks have fallen -40.94% over the past one year. While a 52-week high of $32.89 was reached on 01/02/24, a 52-week low of $17.12 was recorded on 05/10/24. SMA at 50 days reached $19.07, while 200 days put it at $22.24. A total of 10.03 million shares were traded, compared to the trading of 17.99 million shares in the previous session.

Levels Of Support And Resistance For WBA Stock

The 24-hour chart illustrates a support level at 18.02, which if violated will result in even more drops to 17.68. On the upside, there is a resistance level at 18.76. A further resistance level may holdings at 19.16. The Relative Strength Index (RSI) on the 14-day chart is 53.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.07%. Stochastics %K at 47.50% indicates the stock is a holding.

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