Watch These Levels in Walgreens' Stock Price After Plunge to 27-Year Low
WBAWalgreens Boots Alliance(WBA) Investopedia·2024-06-28 21:01

Key TakeawaysWalgreens Boots Alliance stock plummeted to a 27-year low on Thursday after the pharmacy chain and healthcare provider missed profit estimates and slashed its outlook amid weakening consumer demand.Walgreens shares started their long-term downtrend after toping out in August 2015, with the decline accelerating from July 2022 following a death cross, a bearish chart pattern that signals lower prices. Walgreens' share price may reclaim the $14 level near a 1997 price peak in the short-term due to ...