Walgreens Boots Alliance ( (WBA) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Walgreens Boots Alliance Inc. has seen its stock decline due to a lawsuit filed by the U.S. Department of Justice, accusing the company of contributing to the opioid crisis by improperly filling prescriptions. This legal challenge has unnerved investors, resulting in a Hold rating consensus and a share price target set below its current level, reflecting worries about potential financial and reputational impacts.
More about Walgreens Boots Alliance
YTD Price Performance: 36.24%
Average Trading Volume: 23,867,541
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $10.82B
For further insights into WBA stock on TipRanks’ Stock Analysis page.
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