Bitter Pill To Swallow: Why Walgreens Stock Is Down 60% This Year
Walgreens Boots Alliance(WBA) Forbes·2024-08-28 18:30
Wakgreens logo is seen on a building in New York, United States of America, on July 6th, 2024. ... [+] (Photo by Beata Zawrzel/NurPhoto via Getty Images)NurPhoto via Getty ImagesWalgreens stock shed 9% of its value yesterday - faring far worse than its peer CVS Health which lost 3%. This means that the stock is now trading at a level more than 60% below what it started the year at.The recent selloff in the pharmacy retailer’s stock can primarily be attributed to the announcement of a direct-to-consumer tele ...