Walgreens Boots Alliance Inc (WBA)

[Prudent Capitalist]

Heavy Insider Buying in WBA shares! WBA featured in insider buying column this week:

Here's a look at a few notable insider purchases reported in the past week.

Walgreens

Walgreens Boots Alliance Inc (NASDAQ: WBA) saw CEO Stefano Pessina add to his stake early last week. At $63.92 apiece, the more than 1.69 million shares reportedly acquired cost the company's single largest shareholder about $108.5 million. Note that another executive bought 1.70 million shares at about the same time.

Walgreens shares sank to a 52-week low of $59.07 at the end of June, on fears that Amazon's online pharmacy acquisition would shake up the industry. However, the stock ended last week at $64.98, above Pessina's purchase price. It has traded as high as $83.89 in the past year, but the Wall Street consensus price target was last seen at $71.32.