Customers wait to pick up prescriptions at a Walgreens pharmacy in Queens, New York, in July 2024. Walgreens’ stock has plunged more than 80% over the past five years.
Mandatory Credit: Lindsey Nicholson/UCG/Universal Images Group/Getty Images via CNN Newsource
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Walgreens is in particularly awful shape
Drug stores around the United States are struggling. Especially Walgreens. Walgreens’ stock has plunged more than 80% over the past five years, ranking the company among the worst-performing stocks during that stretch. It’s closing 1,200 stores, roughly 15% of its locations. And now Walgreens is reportedly looking to escape the public market.
