WBA Stock Summary and Trading Ideas (Walgreens Boots Alliance | NASDAQ:WBA)

Walgreens Boots Alliance is one of the largest retail pharmacy chains in the US, with over 8,000 locations. Nearly three quarters of Americans live within five miles of a Walgreens location. Roughly two thirds of revenue is generated from prescription drug sales; Walgreens makes up 20% of total prescription revenue in the US. Walgreens also generates sales from retail products (general wellness consumables and its own branded merchandise), European drug wholesale, and healthcare. With more locations incorporating additional services like Health Corner and Village Medical, Walgreens creates an omnichannel experience for patients and positions itself as a one-stop healthcare provider.

Walgreens Boots Alliance trades on the NASDAQ stock market under the symbol WBA.

As of December 4, 2024, WBA stock price declined to $8.74 with 13,274,173 million shares trading.

WBA has a beta of 0.90, meaning it tends to be less sensitive to market movements. WBA has a correlation of 0.05 to the broad based SPY ETF.

WBA has a market cap of $7.56 billion. This is considered a Mid Cap stock.

Last quarter Walgreens Boots Alliance reported $38 billion in Revenue and $.39 earnings per share. This beat revenue expectation by $2 billion and exceeded earnings estimates by $.03.

In the last 3 years, WBA traded as high as $55.00 and as low as $8.08.

The top ETF exchange traded funds that WBA belongs to (by Net Assets): VTI, VOO, RSP, DVY, VB.

WBA has underperformed the market in the last year with a return of -53.2%, while the SPY ETF gained +33.9%. In the last 3 month period, WBA fell short of the market, returning +0.2%, while SPY returned +10.4%. However, in the most recent 2 weeks WBA has outperformed the stock market by returning +5.4%, while SPY returned +2.9%.

WBA support price is $8.66 and resistance is $9.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WBA shares will trade within this expected range on the day.