Why Walgreens Shares Are Rising Wednesday: 'This Stock Should Be Bought, Perhaps Aggressively'
Portfolio Pulse from Adam Eckert
Walgreens Boots Alliance Inc (NASDAQ:WBA) shares are rising after the appointment of Tim Wentworth as CEO, effective Oct. 23. Wentworth has previously served as CEO of several health-related companies. Jim Cramer on CNBC's 'Squawk On The Street' suggested that Wentworth could change the direction of the stock and recommended buying it, perhaps aggressively. Walgreens is set to report fiscal fourth-quarter results before the market opens on Thursday.
October 11, 2023 | 2:31 pm
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The appointment of Tim Wentworth as CEO of Walgreens Boots Alliance Inc is seen as a positive move, with Jim Cramer suggesting it could change the direction of the stock. The company is set to report fiscal fourth-quarter results soon.
The appointment of a new CEO, especially one with a strong track record in the health sector, is typically seen as a positive move by investors. Jim Cramer's endorsement further boosts investor confidence. The upcoming fiscal fourth-quarter results could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100