Walgreens stock price edged down to $19

Walgreens stock price edged down to $19.94 as risk-off sentiment dominated pre-Fed meeting sessions. Portfolio managers point to uncertainty about interest rate paths affecting all dividend-paying equities. Despite this, some remain unconvinced amid claims that it is challenging to convince Pessina and Barra – both of whom have a pharmacy background – to invest in order to capitalise on the strong demand for the brand. The drugstore giant's stock jumped over 7% in trading on Friday after the news that the company was preparing to exit the public markets. Walgreens stock price dipped to $19.91 amid profit-taking following a two-day rally. Market technicians said RSI levels indicate slightly overbought conditions, suggesting a breather before the next leg.