Can Walgreens Boots Alliance Stock Keep Soaring?
Shares of Walgreens Boots Alliance (NASDAQ: WBA) rocketed 27.5% higher on Friday, Jan. 10, 2024. This isn't nearly enough to recover from a 64% drop the stock notched last year, but it's a big step in the right direction.
Investors of all stripes are wondering whether more gains could be ahead for the beaten-down retail pharmacy chain operator. Income-seeking investors are particularly interested because, despite the recent run-up, shares of Walgreens Boots Alliance have been offering an eye-popping 8.5% dividend yield.
Can Walgreens Boots Alliance stock continue rising, or should investors use the stock's recent gain as an opportunity to exit? Let's look at what the pharmacy chain operator said in its latest report to see whether it's time to buy, sell, or hold the ultra-high-yield dividend stock.
Source Fool.com
