Walgreens Boots Alliance Inc’s recent filing unveils that its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $129.33 million on Sep 11 ’24. In the deal valued at $11.13 per share,11,619,998 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 23,239,996 shares worth roughly $223.57 million.
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Then, Walgreens Boots Alliance, Inc. sold 4,438,171 shares, generating $1,067,646,416 in total proceeds. Upon selling the shares at $240.56, the 10% Owner now owns 19,980,000 shares.
Before that, Walgreens Boots Alliance Holdi bought 3,398,929 shares. Walgreens Boots Alliance Inc shares valued at $830,902,183 were divested by the Affiliate at a price of $244.46 per share.
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 3.11% to $9.62. Over the last five days, the stock has gained 2.89%. Walgreens Boots Alliance Inc shares have fallen nearly -63.16% since the year began. Nevertheless, the stocks have fallen -56.49% over the past one year. While a 52-week high of $27.05 was reached on 01/02/24, a 52-week low of $8.22 was recorded on 09/25/24. SMA at 50 days reached $9.19, while 200 days put it at $14.96.
Levels Of Support And Resistance For WBA Stock
The 24-hour chart illustrates a support level at 9.32, which if violated will result in even more drops to 9.02. On the upside, there is a resistance level at 9.77. A further resistance level may holdings at 9.92. The Relative Strength Index (RSI) on the 14-day chart is 52.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.73%. Stochastics %K at 19.44% 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 2024-10-15, dropping by -4.36 million shares to a total of 85.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 89.56 million shares. There was a decline of -5.12%, which implies that there is a negative sentiment for the stock.
