Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Walgreens Boots Alliance Is Near Its 52-Week Low: Is Now the Time to Buy?

Walgreens Boots Alliance (NASDAQ: WBA) isn't off to a good start in 2020. Although last year wasn't great, with the stock down 14% and coming nowhere near the S&P 500's gains of 30%, the stock has continued to fall this year and it's now getting close to its low for the past 12 months. It should be even less concerning given that a key part of the reason for the decline is that the company has been de-emphasizing tobacco products. Otherwise, the pharmacy retailer may have easily surpassed estimates. Although it's a narrow miss that's easily explainable, the stock has struggled to post gains since then as investors have been quick to push the sell button on the stock. Part of the reason is likely due to the company's results last year when Walgreens underwhelmed investors as well. When the bears are out and looking for a reason to sell shares of a company, it doesn't take much to sink a stock. Despite the bearishness, it's not all doom and gloom for Walgreens as the company can turn things around. For one thing, the company is making significant changes at its locations, including offering more services in-store that give customers a reason to visit the store themselves and buy products there, as opposed to buying online from a competitor.

First found on: And then on: 1 other references