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Why Walgreens Boots Alliance Shares Jumped 8.8% Today

Why Walgreens Boots Alliance Shares Jumped 8.8% Today

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. There wasn't significant news out about Walgreens Boots Alliance today, but the company may be seeing a bit of a short squeeze. Walgreens Boots Alliance has reported a $3.1 billion loss in the past year, but shares are trading for just 0.14 times sales, so there's an argument this could be a great value stock if the company can return to profitability.