Walgreens Boots soars on WSJ report of sales talks with PE
The worst S&P 500 stock of the year got a shot at the spotlight on Tuesday.
Walgreens Boots Alliance, which has consistently been the worst-performing stock in the blue-chip index for much of 2024, soared more than 20% on Tuesday, making it the best-performing stock in the S&P 500.
The jump followed a Wall Street Journal report that the pharmacy chain is in talks to sell itself to private-equity firm Sycamore Partners. Walgreens Boots is still down roughly 60% for the year, which puts it neck and neck with Intel for the worst performer of the year.
The jump followed a Wall Street Journal report that the pharmacy chain is in talks to sell itself to private-equity firm Sycamore Partners. Walgreens Boots is still down roughly 60% for the year, which puts it neck and neck with Intel for the worst performer of the year.
