WBA - Walgreens Faces Nasdaq 100 Ouster Amid Financial Woes; Super Micro Computer Eyed As Replacement: Report | Benzinga
In a series of setbacks for Walgreens Boots Alliance Inc. (NASDAQ:WBA), the company is now at risk of being removed from the Nasdaq 100 index. The potential replacement is Super Micro Computer Inc. (NASDAQ:SMCI), which could mark another blow for the struggling pharmacy giant.
What Happened: Walgreens, which was ousted from the Dow Jones Industrial Average in February, is now facing the possibility of being dropped from the Nasdaq 100 index. The most likely candidate for its replacement is Super Micro Computer, as reported in Barron’s feature on Thursday.
Walgreens’ shares plummeted by 22.2% to $12.19 on Thursday after the company announced the closure of several pharmacies and revised its financial guidance for the current fiscal year to around $2.87 a share, below the consensus of $3.21.
With a market value of approximately $10.5 billion, Walgreens is at risk of being removed from the Nasdaq 100, which requires its members to have a market value of at least ...