Walgreens Boots Alliance Inc (NASDAQ:WBA) shares, rose in value, with the stock price down by -0.78% to the previous day’s close as strong demand from buyers drove the stock to $10.75.
Actively observing the price movement in the last trading, the stock closed the session at $10.84. Referring to stock’s 52-week performance, its high was $22.05, and the low was $8.08. On the whole, WBA has fluctuated by 10.14% over the past month.
With the market capitalization of Walgreens Boots Alliance Inc currently standing at about $9.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.75, with its dividend yield at 6.98%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WBA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of WBA currently trading nearly 3.34% and 2.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.62, while the 7-day volatility ratio is showing 6.42% which for the 30-day chart, stands at 5.66%. Furthermore, Walgreens Boots Alliance Inc (WBA)’s beta value is 0.68, and its average true range (ATR) is 0.69.
A comparison of Walgreens Boots Alliance Inc (WBA) with its peers suggests the former has fared considerably weaker in the market. WBA showed an intraday change of -0.78% in last session, and over the past year, it shrunk by -49.98%%. In comparison, Amazon.com Inc. (AMZN) has moved higher at 2.24%% on the day and was up 20.09% over the past 12 months. On the other hand, the price of CVS Health Corp. (CVS) has risen 2.71%% on the day. The stock, however, is off -11.29% from where it was a year ago. Additionally, there is a loss of -0.63%% for McKesson Corp. (MCK) in last trading while the stock has seen an overall depriciation of 21.82%% over the past year.
Data on historical trading for Walgreens Boots Alliance Inc (NASDAQ:WBA) indicates that the trading volumes over the past 3 months, they’ve averaged 27.31 million. According to company’s latest data on outstanding shares, there are 863.49 million shares outstanding.
Nearly 17.87% of Walgreens Boots Alliance Inc’s shares belong to company insiders and institutional investors own 63.19% of the company’s shares. The stock has risen by 15.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WBA stock heading into the next quarter.
