ZIM - 5 Reasons Walgreens Fell By 6.4% To Nearly 25-Year Lows
2024-05-22 08:45:00 ET
Summary
- Walgreens Boots Alliance stock declined by 6.4% to a 25-year low of $16.68, a price not seen since 1998.
- Short interest, potential dividend cuts, and lingering ex-CEO worries are among reasons for the decline.
- Walgreens value grades compared to the sector discussed and compared to that of Humana, Cigna, CVS Health, and more.
On Tuesday, May 21, 2024, Walgreens Boots Alliance, Inc. ( WBA ) declined by 6.4% to close at $16.68. This is a low not seen in nearly 25 years. WBA stock re-tested prices last seen in 1998 on no major news. Short-sellers potentially took advantage of the stock trading ex-dividend on that day. However, the short float is too small. The size of the dividend at $0.25 a share is small compared to the stock price falling by $1.14 on the day....
5 Reasons Walgreens Fell By 6.4% To Nearly 25-Year Lows