The Law Offices of Frank R. Cruz Announces Investigation of Walgreens Boots Alliance, Inc. (WBA) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of Walgreens Boots Alliance, Inc. (WBA) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Walgreens Boots Alliance, Inc. (“Walgreens” or the “Company”) (NASDAQ: WBA) on behalf of investors concerning the Company’s possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to participate.
On June 27, 2023, Walgreens released its third quarter fiscal 2023 financial results, falling below analysts’ expectations. Additionally, the Company lowered its fiscal 2023 guidance due to “a slower profit ramp for U.S. health care” related to “reduced COVID, cold and flu season and softer market demand.”
On this news, Walgreens’ stock price fell $2.95, or 9.3%, to close at $28.64 per share on June 27, 2023, thereby injuring investors.
Then, on January 4, 2024, Walgreen released its first quarter fiscal 2024 financial results, falling short of expectations due to “operations in their co-located VillageMD/Walgreens centers.” On this news, Walgreens’ stock price fell $1.31, or 5.1%, to close at $24.26 per share on January 4, 2024.
Then, on June 27, 2024, Walgreens released its third quarter fiscal 2024 financial results, once again falling below analysts’ expectations and lowering its fiscal 2024 guidance. The Company stated that, while it “believe[s] in the future of [VillageMD] and intend[s] to remain an investor and partner . . . as part of [its] persistent focus on value creation for [Walgreens], [it is] collaborating with leadership toward an endpoint.”
On this news, Walgreens’ stock price fell $3.47, or 22.2%, to close at $12.19 per share on June 27, 2024, thereby injuring investors further.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Walgreens securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240925640383/en/
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now