Why Walgreens (WBA) Stock Is Trading Lower Today
  • January 21, 2025

Why Walgreens (WBA) Stock Is Trading Lower Today

Shares of pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) fell 12.3% in the morning session after the US Department of Justice accused the company (Walgreens) of filling millions of unlawful opioid prescriptions. According to the complaint, Walgreens overlooked major red flags and pressured pharmacists to dispense these medications, then sought reimbursement from federal programs in violation of the False Claims Act. Although Walgreens denies any wrongdoing, the stock's reaction suggests in

Why Is Urban Outfitters (URBN) Stock Soaring Today
  • January 21, 2025

Why Is Urban Outfitters (URBN) Stock Soaring Today

Shares of clothing and accessories retailer Urban Outfitters (NASDAQ:URBN) jumped 8.6% in the morning session after Morgan Stanley upgraded the stock's rating from Hold to Buy and raised the price target from $41 to $63. The firm added, "We left the fiscal 4Q25 pre-announcement & subsequent mgmt. meeting incrementally positive."

Goldman Sachs promotes several executives to reinforce Wall Street dominance
  • January 21, 2025

Goldman Sachs promotes several executives to reinforce Wall Street dominance

Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years. The move comes at a time the investment bank is preparing for a flurry of dealmaking in 2025 on the back of a resilient economy and prospects of business-friendly policies under the Trump administration. "This group of leaders represents the very best of our culture of excellence, client service and teamwork," said Goldman CEO David Solomon, who last week was given an $80 million stock bonus to stay at the helm for another five years.