Why Walgreens Stock's Latest Rally Could Backfire

Schaeffer's Investment Research2024-12-13

Walgreens Boots Alliance Inc (NASDAQ:WBA) stock has been in a world of hurt ever since losing its spot on the Dow Jones Industrial Average (DJI) this year. The equity has been trying to distance ...

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The equity has been trying to distance ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-walgreens-stocks-latest-rally-200925246.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0321505868.SGD","symbol_name":"Schroder ISF Global Dividend Maximiser A Dis SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/why-walgreens-stocks-latest-rally-200925246.html","article_id":"2491359060","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Ei8PRgWhuitgcM5r4IfsIA--~B/aD02MTE7dz03MTU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/schaeffers_investment_research_24/9b711c16a446032b62c4c3ebeed11d11"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491359060","pubTimestamp":1734034165,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Walgreens Boots Alliance Inc stock has been in a world of hurteversince losing its spot on the Dow Jones Industrial Average  this year. The equity has been trying to distance itself from its Nov. 21, record low of $8.08, but carries a hefty 62.2% year-to-date deficit. Plus, the stock's latest rallyfollowing reports the pharmacy company may get taken private sent WBA right into a trendline with historically bearish implications.According to a study from Schaeffer’s Senior Quantitative Analyst Rocky White, WBA just ran into its 126-day moving average, which the purpose of this study White defines as the equity trading below the moving average for 80% of the time over the past two months and closing south of the trendline in eight of the last 10 sessions before getting within striking distance of the moving average.It's also worth noting that WBAhas consistently outperformed volatility expectations over the past year, as reflected in itsSchaeffer’s Volatility Scorecard score of 95 out of ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","WBA":"沃尔格林联合博姿","BK4585":"ETF&股票定投概念","BK4128":"药品零售","BK4588":"碎股","BK4112":"金融交易所和数据","BK4532":"文艺复兴科技持仓","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","CBOE":"芝加哥期权交易所"},"translate_title":"为什么沃尔格林股票的最新上涨可能会适得其反","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBOE":1,"WBA":0.9},"content_text":"Walgreens Boots Alliance Inc (NASDAQ:WBA) stock has been in a world of hurt ever since losing its spot on the Dow Jones Industrial Average (DJI) this year. The equity has been trying to distance itself from its Nov. 21, record low of $8.08, but carries a hefty 62.2% year-to-date deficit. Plus, the stock's latest rally following reports the pharmacy company may get taken private sent WBA right into a trendline with historically bearish implications.\nAccording to a study from Schaeffer’s Senior Quantitative Analyst Rocky White, WBA just ran into its 126-day moving average, which the purpose of this study White defines as the equity trading below the moving average for 80% of the time over the past two months and closing south of the trendline in eight of the last 10 sessions before getting within striking distance of the moving average. \nSimilar runups have occurred six times in the past three years. The stock was lower one month after those instances 83% of the time, averaging a 6.3% loss for that period. A comparable move from the stock's current perch of $9.81 would put WBA back near record lows.\n\nAn unwinding of optimism in the options could add to Walgreens Boots Alliance stock's woes. This is per its 50-day call/put volume ratio of 3.32 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio ranks higher than 97% of annual readings, indicating long calls are more popular than usual.\nIt's also worth noting that WBA has consistently outperformed volatility expectations over the past year, as reflected in its Schaeffer’s Volatility Scorecard (SVS) score of 95 out of 100.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491359060"}