Published on 2 May 2024 on Benzinga via Yahoo Finance
Investor Optimism Dampens as Walgreens Boots Alliance Struggles With Market Turbulence
Walgreens Boots Alliance Inc. (NASDAQ:WBA) is facing tumultuous times as it grapples with a challenging turnaround, leading to a drastic decline in its stock value, marking its worst performance in over five years.
The company’s shares plummeted by 18% in April, nearing a 26-year low, following a downward revision of its outlook.