Walgreens Stock Pops On Fresh Optimism About a Deal | Global News Avenue

Walgreens Boots Alliance(WBA) Stocks jumped Monday afternoon as investors’ optimism about the possibility of a deal being concluded, canceling shares of the drugstore chain.

Walgreens shares surged nearly 7%, with stocks rising about 16% this year, albeit below their highs in early 2025. The perception that trading may be or is closing has recently dragged stocks in both directions. Over the past 12 months, they have lost about half of their value.

Reports indicate sales to private equity firm Sycamore partners Still playing Stocks rose last week. “Morgan Stanley, UBS and private lenders are building a $10 billion package to support the potential acquisition of Sycamore Partners,” said on social media platform X on Monday. Further progress.

Deutsche Bank analysts maintained a “hold” rating on the stock last week and said in a note that “the main obstacle for any potential acquirer remains the company’s cash flow, fundamentals and ongoing debt burden.”

Meanwhile, the Justice Department earlier this year Announced a lawsuit About its prescription practice.

Updated – feb. 24, 2025: Since its first release, this article has been updated to reflect the latest share price value.