Walgreens' stock drops again, heads for biggest 5-day selloff in nearly 5 years

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Walgreens shares on track for worst five-day decline in nearly five years

Shares of Walgreens Boots Alliance Inc. WBA, -1.60% dropped 1.8% toward an 8-month low in morning trade Thursday, putting them in danger of extending their losing streak to 7 sessions. The stock has plunged 16.1% over the past 7 sessions, amid concerns over reimbursement and generic deflation headwinds and potential increased regulatory pressures after the FDA called out the company as being the top violator among pharmacies illegally selling tobacco products to minors.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow drops 360 points, heads for biggest decline in 5 weeksStocks started their tumble after the Commerce Department said construction spending fell in December. Is this what 'winning' feels like? How are Trump's tariff wars going? 🙄 Scary!
Source: NBCNews - 🏆 10. / 86 Read more »

South Korea exports suffer biggest slide in nearly three years as China sales sagSouth Korea's exports contracted at their steepest pace in nearly three yea... A worldwide recession is upon us.
Source: Reuters - 🏆 2. / 97 Read more »

Chicago homicides dropped by nearly half in January and February over last yearHomicides and shootings are on the decline in Chicago this year, according to Chicago police. There have been 44 homicides to date, compared with 80 by this time last year, a 44% decrease And you know why? Brutally cold weather. I'm sure CNN is trying to suggest otherwise but let's wait till spring then lookout. Yes it is due to the very cold weather. ☀️
Source: CNN - 🏆 4. / 95 Read more »

US consumer spending fell in December, the biggest drop in 9 yearsU.S. consumer spending tumbled 0.5 percent in December, the biggest decline in nine years. My monthly reminder that a Recession is coming.😊☕🚬 Personal Income rose though! But, but...
Source: CNBC - 🏆 12. / 72 Read more »

Dow drops 200 points, heads for 4-day losing streak after ECB slashes European growth forecastStocks fell at the open after the European Central Bank slashed its economic growth forecast for 2019 and announced a new round of stimulus to help banks in the region, stoking worries over the global economy. Stocks closed in the red today for the 4th down day in a row. Wall Street is on pace for its worst week of 2019. great reporting Resection ?.
Source: CNBC - 🏆 12. / 72 Read more »

Nutanix stock heads for worst day on record, analysts say cloud specialist is spread too thinFormer Wall Street darling Nutanix Inc. is on pace to lose more than a quarter of its value Friday, after the cloud-computing company delivered an extremely downbeat forecast.
Source: MarketWatch - 🏆 3. / 97 Read more »

Walgreens stock sinks to lead Dow losers as reimbursement headwinds, generic deflation pressures continue
Source: MarketWatch - 🏆 3. / 97 Read more »

Billionaire Drop-offs: Tough Year For Superrich As Hundreds Drop Out Of RanksFrom volatile stock markets to Brexit to a trade war, a tumultuous 2018 knocked 247 people out of the ForbesBillionaire club by DenizCam DenizCam What do you wanna bet that a lot of them lost huge in the December crash, when those brilliant advisers said the boom was over sold them out! In '78 I saw them on TV bragging that they'd sold all their stocks! 6 mos later the market was back! DenizCam They just don't want to pay 70% in taxes.
Source: Forbes - 🏆 394. / 53 Read more »

Billionaire Drop-offs: Tough Year For Superrich As Hundreds Drop Out Of RanksAfter a rough 2018, 247 people, including 102 from China, fell off the world’s billionaire ranks. RadioOnInternet We gotta give these guys better tax breaks
Source: Forbes - 🏆 394. / 53 Read more »

Oil drops towards $65 as Libya's biggest field restartsOil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya&039... Trump= winning Now watch the Big Oil military make some aggressive moves in the Mideast.
Source: Reuters - 🏆 2. / 97 Read more »