Why Walgreens Stock Tumbled 64% in 2024

Shares of Walgreens Boots Alliance (NASDAQ: WBA) fell sharply last year as a combination of declining vaccine demand, headwinds on consumer discretionary spending, and misguided acquisitions led to a series of dismal earnings reports from the company.As a result, Walgreens was forced to cut its dividend, took a multibillion-dollar impairment charge, and lost its place in the Dow Jones Industrial Average (DJINDICES: ^DJI). According to data from S&P Global Market Intelligence, the stock fell 64% over the course of 2024. As you can see from the chart, the stock fell steadily over most of the year as its prospects continued to decline.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool