Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walgreens Boots Alliance Inc shares valued at $400,000,158 were sold by Walgreens Boots Alliance, Inc. on May 22 ’24. At $215.12 per share, Walgreens Boots Alliance, Inc. sold 1,859,390 shares. The insider’s holdings dropped to 24,418,171 shares worth approximately $289.84 million following the completion of this transaction.
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Also, Bhandari Inderpal S purchased 3,000 shares, netting a total of over 54,150 in proceeds. Following the buying of shares at $18.05 each, the insider now holds 3,000 shares.
Before that, Mahajan Manmohan had added 6,000 shares to its account. In a trade valued at $116,280, the EVP and Global CFO bought Walgreens Boots Alliance Inc shares for $19.38 each. Upon closing the transaction, the insider’s holdings increased to 6,000 shares, worth approximately $1.98 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Walgreens Boots Alliance Inc [WBA] has been a Market perform and the price target has been revised to $23. Analysts at HSBC Securities downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in mid February. As of January 03, 2024, Barclays has initiated its “an Underweight” rating for WBA. Earlier on December 22, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for WBA stock.
Analyzing WBA Stock Performance
During the last five days, there has been a surge of approximately 6.36%. Over the course of the year, Walgreens Boots Alliance Inc shares have dropped approximately -54.54%. Shares of the company reached a 52-week high of $27.05 on 01/02/24 and a 52-week low of $10.69 on 07/09/24. A 50-day SMA is recorded $13.79, while a 200-day SMA reached $19.41. Nevertheless, trading volume fell to 20.99 million shares from 15.46 million shares the previous day.
Support And Resistance Levels for Walgreens Boots Alliance Inc (WBA)
According to the 24-hour chart, there is a support level at 11.73, which, if violated, would cause prices to drop to 11.60. In the upper region, resistance lies at 12.12. The next price resistance is at 12.38. RSI (Relative Strength Index) is 43.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 28.19%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
