In a filing, Walgreens Boots Alliance Inc revealed its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $400.0 million on May 22 ’24. In the deal valued at $215.12 per share,1,859,390 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 24,418,171 shares worth roughly $379.7 million.
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Then, Bhandari Inderpal S bought 3,000 shares, generating $54,150 in total proceeds. Upon buying the shares at $18.05, the Director now owns 3,000 shares.
Before that, Mahajan Manmohan bought 6,000 shares. Walgreens Boots Alliance Inc shares valued at $116,280 were divested by the EVP and Global CFO at a price of $19.38 per share. As a result of the transaction, Mahajan Manmohan now holds 166,969 shares, worth roughly $2.6 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 Friday, Walgreens Boots Alliance Inc [NASDAQ:WBA] saw its stock jump 0.65% to $15.55. Over the last five days, the stock has lost -1.83%. Walgreens Boots Alliance Inc shares have fallen nearly -40.44% since the year began. Nevertheless, the stocks have fallen -50.65% over the past one year. While a 52-week high of $32.89 was reached on 01/02/24, a 52-week low of $14.62 was recorded on 05/29/24. SMA at 50 days reached $17.16, while 200 days put it at $20.93. A total of 9.03 million shares were traded, compared to the trading of 7.91 million shares in the previous session.
Levels Of Support And Resistance For WBA Stock
The 24-hour chart illustrates a support level at 15.28, which if violated will result in even more drops to 15.02. On the upside, there is a resistance level at 15.69. A further resistance level may holdings at 15.83. The Relative Strength Index (RSI) on the 14-day chart is 38.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.93%. Stochastics %K at 51.34% indicates the stock is a holding.
