Why Shares of Walgreens Boots Alliance Dropped 29.4% in 2020

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Shares of Walgreens Boots Alliance (NASDAQ: WBA) fell 29.4% in 2020, according to data provided by S&P Global Market Intelligence, as the pandemic and new competition hit the stock. 

Operationally, Walgreens is struggling with higher costs at a time when it’s actually become a critical supplier. As it turns out, being on the front lines of a pandemic isn’t necessarily good for the bottom line. 

Image source: Getty Images.

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