Why Walgreens Shares Are Rising

Walgreens Boots Alliance Inc WBA shares are trading higher by 1.64% to $32.03 amid a rebound in health insurance stocks.

WBA shares declined on Wednesday following UnitedHealth Group Inc mention of rising volumes of non-urgent surgeries, raising concerns about potential cost increases for insurers.

During a Goldman Sachs healthcare conference, Tim Noel, CEO of UnitedHealth's Medicare and retirement business, highlighted increased demand for outpatient procedures among Medicare patients, as reported by Reuters...Read More

According to data from Benzinga Pro, Walgreens has a 52-week high of $42.74 and a 52-week low of $29.48.