Walgreens (WBA, $39.78) CEO Pessina to step down and become exec chairman
Pharmacy store chain Walgreens Boots Alliance Inc. announced that Stefano Pessina will step down from his role as CEO after five years at the company. He will become executive chairman instead.
“I want to thank our team members around the world for their extensive achievements in the last five years, as we have fulfilled our purpose to help people lead healthier and happier lives,” said Pessina. “I look forward to continuing to serve the company as executive chairman, and to helping to ensure the success of the new chief executive officer in every way possible."
The current executive chairman, Jim Skinner, will remain on the board after Pessina takes over.
A couple of weeks ago, Walgreens reported a quarterly loss of -$1.7 billion.
According to Tickeron, WBA is in Uptrend: price may ascend as a result of having broken its lower Bollinger Band on July 09, 2020
This price move signals that WBA may jump back above the lower band and head toward the middle band. Traders may consider buying the ticker or exploring call options. In 34 of 48 cases where WBA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 71%.
Current price $39.79 crossed the support line at $41.19 and is trading between $41.19 support and $39.75 support lines. Throughout the month of 06/23/20 - 07/24/20, the price experienced a -5% Downtrend. During the week of 07/17/20 - 07/24/20, the stock fell -2%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. 39 of 59 cases where WBA's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 66%.
The Momentum Indicator exceeded the 0 level on July 23, 2020. Traders may consider buying the ticker or exploring call options. In 43 of 86 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 50%.
Bearish Trend Analysis
The price moved below its 50-day Moving Average, which indicates a reversal from an Uptrend to a Downtrend. In 22 of 44 cases where WBA's price crossed below its 50-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 50%.
The 10-day Moving Average for this ticker crossed below its 50-day Moving Average on July 07, 2020. This can be construed as a sell signal, indicating that the trend is shifting lower. In 11 of 17 cases where WBA's 10-day Moving Average crossed below its 50-day Moving Average, its price fell further within the subsequent month. The odds of a continued Downtrend are 65%.
The Aroon Indicator entered a Downtrend today. In 87 of 191 cases where WBA Aroon's Indicator entered a Downtrend, the price fell further within the following month. The odds of a continued Downtrend are 46%.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 63%. During the last month, the daily ratio of advancing to declining volumes was 1.09 to 1.
The Tickeron PE Growth Rating for this company is 3 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.52) is normal, around the industry mean (2.71). P/E Ratio (49.68) is within average values for comparable stocks, (41.92). Projected Growth (PEG Ratio) (0.51) is also within normal values, averaging (0.57). Dividend Yield (3.47) settles around the average of (1.98) among similar stocks. P/S Ratio (0.27) is also within normal values, averaging (0.71).
The Tickeron SMR rating for this company is 24 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating fairly steady price growth. WBA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WBA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
WBA sees MACD Histogram crosses below signal line
WBA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WBA as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
WBA moved below its 50-day moving average on May 01, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for WBA crossed bearishly below the 50-day moving average on May 03, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WBA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for WBA entered a downward trend on May 30, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for WBA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
WBA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.219) is normal, around the industry mean (10.553). P/E Ratio (7.485) is within average values for comparable stocks, (140.401). WBA has a moderately high Dividend Yield (0.064) as compared to the industry average of (0.031). P/S Ratio (0.194) is also within normal values, averaging (0.936).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WBA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WBA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of drug store services
Industry DrugstoreChains
WBA and
Correlation & Price change
A.I.dvisor indicates that over the last year, WBA has been loosely correlated with RAD. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if WBA jumps, then RAD could also see price increases.
| Ticker / NAME | Correlation To WBA | 1D Price Change % | ||
|---|---|---|---|---|
| WBA | 100% | -0.27% | ||
| RAD - WBA | 49% Loosely correlated | -2.72% | ||
| PETS - WBA | 36% Loosely correlated | -1.75% | ||
| HITI - WBA | 25% Poorly correlated | -3.05% | ||
| MDVL - WBA | 24% Poorly correlated | +1.57% | ||
| LFMD - WBA | 22% Poorly correlated | -3.67% | ||
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