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Walgreens is joining a growing number of companies that are cutting prices on a number of goods to lure in shoppers and boost sales in the midst of inflation.
Major retailers have been slashing prices in recent weeks. While it may be a welcome relief to some cash-strapped shoppers, it's not an indication that inflation is getting better.
Growing twice as fast, Amazon could beat Walmart in sales by 2026.
Shares of the retailer will carry a fair value estimate of $49 after its 3-for-1 split.
Walmart shares closed at a record high and led the Dow Industrials after forecasting fiscal 2025 sales above Wall Street expectations and raising its annual dividend by 9%.