Walgreens Shares Have Best Day Since 2022 After Appointing a New CEO

Days after appointing a new CEO, shares of Walgreens Boots Alliance are on pace for the best percentage increase in nearly a year, according to Dow Jones Market Data Group. 

Shares rose over 7% last November, and Thursday’s gains came after the drugstore chain announced a large cost-cutting plan.

“In just six weeks, we have taken a number of steps to align our cost structure with our business performance, including planned cost reductions of at least $1 billion, and lowered capital expenditures by approximately $600 million” said interim CEO Ginger Graham.

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