Finance

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Trading Down - Short Interest Up 29.37%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Trading Down - Short Interest Up 29.37%

LTD. raised its position in Walgreens Boots Alliance by 3.1% in the 1st quarter. Westside Investment Management Inc. now owns 1,325 shares of the pharmacy operator's stock worth $102,000 after acquiring an additional 125 shares in the last quarter. Reilly Financial Advisors LLC now owns 1,367 shares of the pharmacy operator's stock worth $107,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 60.16% of the company's stock.

The ongoing will-they, wont-they merger drama between Rite Aid Corporation (NYSE:RAD) and Walgreens Boots Alliance (NYSE:WBA) appears to be nearing its end with the two parting ways without a full-scale acquisition. (NASDAQ:WBA) has a 20-day RSI of 49.80%. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law.

WBA has been the topic of a number of recent research reports. Finally, M Holdings Securities Inc. acquired a new stake in shares of Walgreens Boots Alliance in the 2nd quarter valued at about $219,000. Finally, Loop Capital initiated coverage on Walgreens Boots Alliance in a research note on Thursday, August 24th. The firm earned "Buy" rating on Thursday, August 13 by Bank of America. Walgreens Boots Alliance Inc (NASDAQ:WBA) has risen 5.77% since September 20, 2016 and is uptrending.

Walgreens Boots Alliance (NASDAQ:WBA) opened at 81.21 on Friday. The firm has "Buy" rating given on Wednesday, June 21 by Jefferies. To take look on ration of tradable shares being shorted in market, float short ration was 2.01%, as compared to sentiment indicator; Short Ratio was 3.29. The total value of its holdings increased 109,952.0%. Shares were disposed in a price range of $79.79, amounting to $218,305.44. after the sale, the director has an ownership of 19,151 stocks in the company, assessed at roughly $1,528,058.29. Walgreens Boots Alliance, Inc. (WBA) opened at 78.84 on Thursday.

The volume of the particular stock is the shares bought and sold in a single trading day. The company has market cap of $1.99 billion.

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Investors are feeling more bearish on shares of Walgreens Boots Alliance, Inc. lately if you pay attention to the increase in short interest. The company has a 50-day moving average of $80.98 and a 200 day moving average of $82.02.

Walgreens Boots Alliance (NASDAQ:WBA) last announced its quarterly earnings results on Thursday, June 29th. RBC Capital Markets upgraded the shares of WBA in report on Wednesday, October 28 to "Buy" rating. The company had revenue of $30.12 billion during the quarter, compared to analysts' expectations of $29.72 billion. Next Grp has invested 0% in Rite Aid Corporation (NYSE:RAD). The business's revenue was up 2.1% on a year-over-year basis. During the same period a year ago, the firm earned $1.18 EPS. On average, equities analysts predict that Walgreens Boots Alliance will post $5.00 earnings per share for the current fiscal year. Stockholders of record on Friday, August 18th were paid a $0.40 dividend. This is a positive change from Walgreens Boots Alliance's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, August 16th. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Walgreens Boots Alliance's dividend payout ratio (DPR) is now 40.30%.

Walgreens Boots Alliance published that its board has authorized a share repurchase plan on Early Thur, Jun 29th that allows The corporation to repurchase $5.00 B in outstanding Stocks. First Heartland Consultants Inc holds 0.17% or 4,956 shares in its portfolio. The Company is a pharmacy-led health and wellbeing company.

Walgreens Boots Alliance executive vice Chairman and CEO Stefano Pessina said: "Combining Walgreens retail pharmacy network with a strong portfolio of Rite Aid locations is expected to help us achieve enhanced, sustainable growth while enabling us to broaden our reach and provide greater access to convenient, affordable care in more local neighborhoods across the United States".


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