Monday, October 09, 2017 12:34:45 PM
This past weekend every trader and investor are talking about Amazon.com moving into the drug and pharmacy business. Today, we see the two leading drug store stocks; Walgreens Boots Alliance Inc (NASDAQ:WBA) and CVS Health Corp (NYSE:CVS) drop lower on this news. It seems as if every business Amazon.com enters the leading stocks in that industry will feel its wrath. Earlier this year, many of the leading food and grocery related stocks declined sharply when Amazon.com announced that it was buying Whole Foods.
Walgreens Boots Alliance Inc (NASDAQ:WBA) has been declining sharply since September 12, 2017 when it traded as high as $82.89 a share. Today, WBA stock is trading lower by $2.49 to $70.70 a share. Traders and investors must now watch the $66.50 level as the next major support area. This level is where the stock broke out in December 2014. Often prior break-out levels will be supported when retested.
Nicholas Santiago
InTheMoneyStocks
Recent WBA News
- DoorDash and Walgreens Launch Unprecedented Access for SNAP Customers • Business Wire • 04/24/2024 01:00:00 PM
- Walgreens Encourages Safe Drug Disposal on National Drug Take Back Day Saturday April 27 • Business Wire • 04/18/2024 04:00:00 PM
- Boeing Down in Pre-Market Due to CEO Developments and Denver Incident; MicroStrategy Surges 11% with BTC Spike, and More • IH Market News • 04/08/2024 11:17:49 AM
- Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News • IH Market News • 03/28/2024 01:48:04 PM
- US Stock Futures Stable in Pre-Market On Path for Consecutive Quarterly Gains, Oil Prices Rise • IH Market News • 03/28/2024 11:42:00 AM
- Walgreens Boots Alliance Reports Fiscal 2024 Second Quarter Results • Business Wire • 03/28/2024 11:00:00 AM
- CLAIRE'S ANNOUNCES NATIONAL LAUNCH IN WALGREENS • PR Newswire (US) • 03/12/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:47:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:44:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:42:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:38:29 PM
- Futures Pointing To Continued Weakness On Wall Street • IH Market News • 03/05/2024 02:03:27 PM
- AMD Hits Regulatory Roadblock, GitLab’s Stock Tumbles on Disappointing Earnings, and Latest News • IH Market News • 03/05/2024 11:05:08 AM
- Walgreens Boots Alliance Schedules Fiscal 2024 Second Quarter Earnings Announcement for March 28 • Business Wire • 03/04/2024 02:30:00 PM
- Walgreens First Community Pharmacy to Accept a Broad Array of Medicare Advantage Supplemental Benefits Online and in App • Business Wire • 02/27/2024 04:27:00 PM
- Walgreens First Community Pharmacy to Accept a Broad Array of Medicare Advantage Supplemental Benefits Online and in App • Business Wire • 02/27/2024 03:00:00 PM
- U.S. Stocks May Lack Direction Following Yesterday’s Modest Pullback • IH Market News • 02/27/2024 02:14:46 PM
- Walgreens Boots Alliance Names Lanesha Minnix Executive Vice President and Global Chief Legal Officer • Business Wire • 02/26/2024 09:05:00 PM
- Nvidia’s Earnings Skyrocket by 769%, BuzzFeed’s Pre-Market Shares Surge by 85%, and Other Highlights • IH Market News • 02/22/2024 11:08:52 AM
- Amazon.com Set to Join Dow Jones Industrial Average; Uber to Join Dow Jones Transportation Average • PR Newswire (US) • 02/20/2024 11:32:00 PM
- Walgreens Boots Alliance to Participate in 44th Annual TD Cowen Health Care Conference • Business Wire • 02/13/2024 02:00:00 PM
- Petco Names Holly May as Chief Human Resources Officer • PR Newswire (US) • 02/13/2024 01:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/08/2024 10:21:56 PM
- Walgreens Boots Alliance Announces Leadership Appointments • Business Wire • 02/08/2024 01:07:00 PM
- Walgreens Boots Alliance Sells Shares of Cencora For $992 Million of Proceeds • Business Wire • 02/07/2024 11:16:00 PM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM