Walgreens Faces Nasdaq 100 Ouster Amid Financial Woes; Super Micro Computer Eyed As Replacement: Report
Portfolio Pulse from Benzinga Neuro
Walgreens Boots Alliance Inc. (NASDAQ:WBA) is at risk of being removed from the Nasdaq 100 index due to financial struggles, with Super Micro Computer Inc. (NASDAQ:SMCI) likely to replace it. Walgreens' stock has plummeted following the announcement of pharmacy closures and a revised financial outlook. Super Micro Computer has seen significant stock gains and is a strong candidate for the Nasdaq 100.
June 28, 2024 | 4:17 am
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POSITIVE IMPACT
Super Micro Computer Inc. is likely to replace Walgreens in the Nasdaq 100 index, driven by its strong stock performance and market value.
Super Micro Computer's strong stock performance and market value make it a likely candidate to replace Walgreens in the Nasdaq 100. This inclusion could further boost investor confidence and stock performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
NEGATIVE IMPACT
Walgreens Boots Alliance Inc. is at risk of being removed from the Nasdaq 100 index due to financial struggles, including a significant drop in stock price and revised financial guidance.
Walgreens' financial struggles, including a significant drop in stock price and revised financial guidance, have put it at risk of being removed from the Nasdaq 100. This could further impact investor confidence and stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100