Walgreens stock went up 2% on Wednesday following Walgreens Boots Alliance’s (NASDAQ:WBA) announcement that it plans to close 200 Walgreens stores in the US. This follows on from an announcement in June that the company will close 200 Boots stores in the UK.
Rise in Investor ConfidenceWalgreens stock reacted positively to the news, rising 2% as the company hopes to save $1.5 billion USD in annual expenses by 2022 in what it calls a “transformational cost management program.”
Walgreens said in a statement today that the closures represent less than 3% of its ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.