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Why Walgreens Stock Rose 5% Yesterday

Why Walgreens Stock Rose 5% Yesterday

Walgreens Boots Alliance’s (WBA) stock gained 5.2% yesterday after the S&P Dow Jones Indexes announced that Walgreens would replace General Electric (GE) in the Dow Jones Industrial Average Index starting June 26. The news reduced Walgreens’s YTD losses from 11% to just about 6%.