Back to top

Image: Bigstock

Walgreens (WBA) Catches Eye: Stock Jumps 5.1%

Read MoreHide Full Article

Walgreens Boots Alliance, Inc. WBA was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $53.67 to $61.21 in the past one-month time frame.

The stock gained following news that private equity firm KKR & Co. has made a formal offer to take the company private.  

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Walgreens. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Walgreens currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Walgreens Boots Alliance, Inc. Price

A better-ranked stock in the Retail-Wholesale sector is Casey's General Stores, Inc. (CASY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WBA going up? Or down? Predict to see what others think: Up or Down

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Casey's General Stores, Inc. (CASY) - free report >>