This Is What Whales Are Betting On Walgreens Boots Alliance
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Walgreens Boots Alliance (WBA), with options trading indicating a mix of bullish and bearish expectations. Analysis of options volume and open interest suggests a price range of $15.0 to $50.0 for WBA. Notable options activity includes both calls and puts with varying sentiments. WBA, a major retail pharmacy chain in the U.S., has seen its stock price slightly decrease, with an upcoming earnings report in 14 days. Analysts have recently downgraded WBA, with target prices ranging from $20 to $23.
March 14, 2024 | 6:16 pm
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NEGATIVE IMPACT
Whales' bearish bets and recent analyst downgrades suggest potential short-term pressure on WBA's stock price, despite its significant presence in the U.S. retail pharmacy sector.
The bearish sentiment from whales, combined with recent analyst downgrades, indicates potential short-term downside for WBA. However, its strong market position and upcoming earnings report could influence stock performance, adding a level of uncertainty to the analysis.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100