Alert: Positive Investment/Fundamental Signals (12/7/23)-Walgreens Boots Alliance Inc (NASDAQ: WBA)


Walgreens Boots Alliance Inc (NASDAQ: WBA) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.

Slight positive changes in fundamentals have recently occurred for Walgreens Boots Alliance Inc (NASDAQ: WBA): significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

WBA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Walgreens Boots Alliance has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Walgreens Boots Alliance has a good Appreciation Score of 79 but a very low Power Rating of 1, producing the Negative Value Trend Rating.

Recent Price Action

Walgreens Boots Alliance Inc (NASDAQ: WBA) stock closed at $22.91 on 12/7/23 after a very large increase of 7.2%. Moreover, trading volume in this advance was exceptionally high at 221% of normal. The stock has risen 14.7% during the last week but has been extremely weak relative to the market over the last nine months.

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