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Why Walgreens Shares Are Rising

Walgreens Boots Alliance Inc (NASDAQ: WBA) shares are trading higher by 1.64% to $32.03 amid a rebound in health insurance stocks.
byHenry Khederian
June 15, 2023
1 minute read
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Walgreens Boots Alliance Inc (NASDAQ:WBA) shares are trading higher by 1.64% to $32.03 amid a rebound in health insurance stocks.

WBA shares declined on Wednesday following UnitedHealth Group Inc mention of rising volumes of non-urgent surgeries, raising concerns about potential cost increases for insurers.

During a Goldman Sachs healthcare conference, Tim Noel, CEO of UnitedHealth’s Medicare and retirement business, highlighted increased demand for outpatient procedures among Medicare patients, as reported by Reuters…Read More

According to data from Benzinga Pro, Walgreens has a 52-week high of $42.74 and a 52-week low of $29.48.

 
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Cannabis Co. Entourage Health Reports 126% YoY Increase In 2023 Gross Profit, Cuts Losses Significantly

By Jelena Martinovic
April 30, 11:25 AM
Canadian cannabis producer and distributor Entourage Health Corp., announced on Tuesday its financial results for the fiscal year that ended Dec. 31, 2023. The Toronto-based company reported a total net revenue of CA$40.7 million ($29.8 million) in 2023, slightly down from CA$40.9 million in 2022. However, gross profit before fair value changes reached CA$2.4 million in the same period, representing a 126% year-over-year increase. "In 2023, Entourage made significant strides, advancing production and diversifying our market presence with innovative products," George Scorsis, CEO and executive chair, said. "Dime Bag's success is a prime example—quickly rising to become one of Ontario's fastest-growing pre-roll brands and maintaining its market leadership for two consecutive quarters. Driven by surging demand for our products and the effectiveness of our enhanced business model, we're achieving growth while improving cost efficiency, firmly establishing ourselves in a favorable financial position."

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