Walgreens Boots Alliance
stock has slumped this year and is trading near a multiyear low, but the drugstore chain’s CEO, Rosalind Brewer, just bought shares on the open market.
Walgreens stock (ticker: WBA) has slid 4% year to date, following a 28% drop in 2022. The company has been hurt by continuing staff shortages that have prevented many Walgreens locations from operating at full regular pharmacy hours. The company found itself mired in controversy in March when Walgreens said it wouldn’t dispense the abortion pill in states where abortion is illegal and in several states where it is currently legal. “It was clear to me that, from a strategic standpoint, traditional retail plus the pharmacy business is a very mature business, and at some point we’re going to have to have another way to grow revenue,” Brewer told The Wall Street Journal in February. At the time, she was shifting the company’s focus to medical clinics.
Source: https://www.barrons.com/articles/walgreens-stock-ceo-rosalind-brewer-buy-953f4ec3?siteid=yhoof2&yptr=yahoo