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 $129,330,578 were sold by Walgreens Boots Alliance, Inc. on Sep 11 ’24. At $11.13 per share, Walgreens Boots Alliance, Inc. sold 11,619,998 shares. The insider’s holdings dropped to 23,239,996 shares worth approximately $202.19 million following the completion of this transaction.
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Also, Walgreens Boots Alliance, Inc. sold 4,438,171 shares, netting a total of over 1,067,646,416 in proceeds. Following the sale of shares at $240.56 each, the insider now holds 19,980,000 shares.
Before that, Walgreens Boots Alliance Holdi had added 3,398,929 shares to its account. In a trade valued at $830,902,183, the Affiliate bought Walgreens Boots Alliance Inc shares for $244.46 each.
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 5.45%. Over the course of the year, Walgreens Boots Alliance Inc shares have dropped approximately -66.68%. Shares of the company reached a 52-week high of $27.05 on 01/02/24 and a 52-week low of $8.22 on 09/25/24. A 50-day SMA is recorded $9.89, while a 200-day SMA reached $16.80. Nevertheless, trading volume fell to 15.57 million shares from 19.94 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 8.58, which, if violated, would cause prices to drop to 8.46. In the upper region, resistance lies at 8.93. The next price resistance is at 9.16. RSI (Relative Strength Index) is 41.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 56.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
