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Why Walgreens Boots Alliance Shares Jumped 8.8% Today

TheMotleyFool

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Why Walgreens Boots Alliance Shares Jumped 8.8% Today: https://g.foolcdn.com/editorial/images/757550/pharmacy-worker.jpg

Pharmacy and retail company Walgreens Boots Alliance (NASDAQ: WBA) jumped as much as 8.8% in trading on Thursday as investors think shares have finally hit bottom. Shares are up 8.4% at 1:30 p.m. ET.

There wasn't significant news out about Walgreens Boots Alliance today, but the company may be seeing a bit of a short squeeze. Shares have rallied the last two days, and a sharp rise could be putting pressure on investors betting against the stock.