Walgreens is the only Dow name that has fallen by double digits this year. One technician says this looks like a 'broken stock.'
div > div.group > p:first-child"> The drugstore chain has tanked 19 percent this year, a loss nearly 20 times steeper than the second-worst-performing Dow stock, UnitedHealth.
"It's just broken down too many support levels. The last couple of months it's seen a series of lower highs and lower lows. It's broken below its multiyear trendline going back to 2012, and it's also broken below its lows from both 2018 and 2014," he said. Erin Gibbs, portfolio manager at S&P Global, is more optimistic on the stock's outlook, though she concedes it does face its fair share of headwinds.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow dragged to a loss by Walgreens' worst day in 4 1/2 years but broader stock market edges higherU.S. stock markets closed mostly higher on Tuesday, but the Dow industrials were weighed by the worst stock slump in year for shares of Walgreens Boots...
Read more »
Dow snaps 3-day winning streak as Walgreens falls on earningsIt was a mixed day for markets as the Dow fell for the first time in 4 days and the S&P 500 closed just above the flatline. A sharp decline in Walgreens Boots Alliance kept the market in check after the company reported weaker-than-expected earnings.
Read more »
Dow slips after Monday's monster rally, Walgreens fallsStocks opened little changed on Tuesday as investors digested a strong rally from the previous session.
Read more »
Walgreens' stock selloff could cut about 30 points off the Dow's priceShares of Walgreens Boots Alliance Inc. took a 6.3% dive in premarket trade Tuesday, in the wake of disappointing second-quarter results and guidance,...
Read more »
Dow Jones Industrial Average to swap Dow Inc. in for DowDuPontDow Inc. will replace DowDuPont in the Dow Jones Industrial Average following the chemical corporation's breakup into three smaller companies, S&P Dow Jones Indices said on Tuesday.
Read more »
One top technician says this Dow laggard could be ready to break outIf you missed out on the stock market's killer quarter, one top technician points to a great spot for a catch-up trade. Could an industrial heavyweight be ready to break out?
Read more »
A Different Dow Emerges Following Merger With DuPontLess than two years after Dow Chemical Co. and DuPont Co. shook up the chemical industry with a blockbuster merger valued at more than $120 billion, the combined company is in the process of breaking into three.
Read more »
This Dow stock could be a way to play catch-up to the rallyThe Dow is having its best start to the year since 2013. Now, two market watchers agree that one of the Dow components is a compelling name to own if you want to play catch-up: Pfizer.
Read more »
Dow futures move lower amid ongoing growth fearsU.S. stock index futures were slightly lower Thursday morning, as investors continue weighing the possibility of a recession.
Read more »
S&P 500, Nasdaq snaps 2-session skid but 10-year Treasury yield near 2017 low keeps stock market in checkU.S. stock benchmarks on Tuesday gained but finished well off their best levels of the session as equity-market investors wrestled with falling yields that...
Read more »