- Walgreens Boots Alliance (WBA) gains 17.85% daily, reaching highs in more than four months.
- Sycamore Partners, a private equity firm, could complete the deal early next year.
Walgreens Boots Alliance (WBA) shares set a daily low of $8.54 where they found aggressive buyers that drove the stock price to a high not seen since August 2 at $11.30. At the time of writing, WBA is trading at $10.42, rising 17.84% today, marking its second consecutive day on the rise.
Walgreens Boots Alliance hits four-month high after talks to go private
The Walgreens Boots Alliance (WBA) business group, owner of pharmaceutical manufacturing and distribution chains, is in advanced talks with the intention of being acquired by the private equity firm Sycamore Partners.
The company has had serious difficulties due to very low consumer spending, reflected in a loss of 60.90% of the value of its shares so far this year, falling from $26.65 on January 2 to $10.42 at the close of the day. today.
WBA is scheduled to present its next financial report on January 9, 2025, where it is expected to report revenue of $37.35 billion and earnings per share of $0.39.
Technical Levels at Walgreens Boots Alliance
WBA stock established short-term support, given by the December 5 low at $8.35. We see the next key support zone at $8.08, the pivot point of November 21. To the north, important resistance lies at $12.29 July 30 high.
WBA 2-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
