Walgreens (WBA) Shares Soar as Company Plans to Exit UK Drugstore Market

  • Walgreens Boots (WBA) stock experienced a significant increase on Monday following a Bloomberg report that the company is considering selling its U.K. Boots drugstores.
  • The multinational retail pharmacy chain is reportedly in the early stages of discussions with potential buyers for its Boots business, which is valued at $8.8 billion.
  • Despite this positive news, Walgreens stock remains down nearly 30% in 2024, continuing a long-term decline that began in 2015.

Walgreens Boots Alliance is reportedly exploring the sale of its U.K. Boots drugstores, causing a surge in its stock price. However, the company’s shares continue to struggle, maintaining a downward trend that started in 2015.

Walgreens Boots Considers Selling U.K. Boots Drugstores

According to a Bloomberg report, Walgreens Boots Alliance is looking into selling its U.K. Boots drugstores. The multinational retail pharmacy chain has begun contacting potential buyers and is in the early stages of discussions. The U.K. Boots pharmacy chain is valued at $8.8 billion, making it a significant part of the company’s portfolio.

Walgreens Stock Surges Amid Sale News

Following the news of the potential sale, Walgreens Boots (WBA) stock experienced a notable surge. On Monday, WBA stock jumped around 7% to 18.37 in above-average volume. Despite this increase, Walgreens stock is only up 3.7% in May and remains down nearly 30% in 2024. This continues a long-term decline that began in 2015, when the company was removed from the Dow Jones industrials stock index and replaced by Amazon.com (AMZN).

Walgreens’ Financial Performance

In 2023, Walgreens Boots revenue from its U.S. Walgreens chain made up 80% of its total sales. Despite the significant contribution of the U.S. chain to the company’s revenue, the potential sale of the U.K. Boots drugstores could have a substantial impact on the company’s financial performance. The outcome of the sale and its effects on the company’s stock price will be closely watched by investors and market analysts.


The potential sale of Walgreens Boots’ U.K. Boots drugstores has caused a surge in the company’s stock price. However, despite this positive news, the company’s shares continue to struggle, maintaining a downward trend that started in 2015. The outcome of the sale and its impact on the company’s financial performance will be a key point of interest for investors and market analysts.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

Solana (SOL) ETF on the Horizon: Anthony Scaramucci Announces Groundbreaking Move

Solana (SOL) is anticipated to be the next cryptocurrency...

Whales Circle Popular Altcoin Network Again: [Coin Name] ($SYMBOL) Poised for Another Surge!

Toncoin (TON) network, linked with Telegram, is...

Retik Finance (RTK) Presale Soars to $32.8M as BlockDAG Dashboard Update Ignites Transparency and Crypto Whale FOMO

BlockDAG’s recent dashboard update has captured significant...

Crypto Analyst Guy Turner Predicts Significant Surge for Fantom (FTM) Price

Fantom (FTM) is gaining attention in the...

Ethereum (ETH) Surges 2% Amid $6.9M Whale Movements – What’s Next for ETH Price?

Ethereum's price surges by 2% following major...

PRO Analysis

Dogecoin (DOGE) Address Profitability Soars to 83%: Key Insights and Analysis

Dogecoin (DOGE) might be experiencing an immediate price plunge,...

SHIB, DOGE, BONK, FLOKI Price Analysis for May 25: Key Insights and Trends for Top Meme Coins

<ul> <li>Meme coins are experiencing a rebound after...

Bitcoin (BTC) Price Analysis: Experts Predict Potential Downtrend – What’s Next for BTC?

<ul> <li>Bitcoin (BTC) has experienced a significant drop...

Bitcoin (BTC) Faces Resistance-Induced Pullback: Market Analysis and Future Projections

Bitcoin (BTC) recently touched the $72,000 resistance...
Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

Election Buzz Fuels Nifty 50 and Sensex (NSE, BSE) to Record 2-Week Gains in 5 Months

<ul> <li>The Nifty 50 and Sensex ended flat in the previous session but recorded their best week since early February.</li> ...

Foreign Portfolio Investors Offload ₹22,046 Crore in Indian Equities: Impact on Market and Future Trends

<ul> <li>Foreign portfolio investors (FPIs) have turned aggressive sellers in Indian markets ever since reducing their buying momentum with the onset...

Infosys (INFY), Havells (HAVELLS), and More to Trade Ex-Dividend Next Week: Complete List Inside

<ul> <li>Dividend stocks have been gaining attention as investors seek stable returns amidst market volatility.</li> <li>Many companies are increasing their dividend payouts,...