Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Walgreens Boots Alliance Inc shares valued at $314,531,796 were sold by Walgreens Boots Alliance, Inc. on Feb 06 ’25. At $244.51 per share, Walgreens Boots Alliance, Inc. sold 1,286,376 shares. The insider’s holdings dropped to 12,570,000 shares worth approximately $119.04 million following the completion of this transaction.
Also, Walgreens Boots Alliance Holdi purchased 1,081,885 shares, netting a total of over 266,284,355 in proceeds.
Before that, Walgreens Boots Alliance, Inc. had sold 11,619,998 shares from its account. In a trade valued at $129,330,578, the 10% Owner traded Walgreens Boots Alliance Inc shares for $11.13 each. Upon closing the transaction, the insider’s holdings decreased to 11,619,998 shares, worth approximately $220.08 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 drop of approximately -6.42%. Over the course of the year, Walgreens Boots Alliance Inc shares have jumped approximately 1.50%. Shares of the company reached a 52-week high of $13.25 on 01/17/25 and a 52-week low of $9.07 on 01/02/25. A 50-day SMA is recorded $10.17, while a 200-day SMA reached $11.38. Nevertheless, trading volume fell to 16.03 million shares from 22.91 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 9.34, which, if violated, would cause prices to drop to 9.21. In the upper region, resistance lies at 9.60. The next price resistance is at 9.73. RSI (Relative Strength Index) is 39.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.82, which suggests the price will decrease in the coming days. Percent R is at 94.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
