10 Stocks Nosedive, Defying Broader Optimism

6. Walgreens Boots Alliance Inc. (NASDAQ:WBA)

Walgreens Boots Alliance (WBA) saw its shares down by 9.19 percent on Tuesday to close at $11.37 apiece as investors remained cautious following a class action lawsuit by none other than the Justice Department over claims that it was filling millions of unlawful opioid prescriptions.

The suit, which was filed in a court in Illinois on Friday, alleged that Walgreens (WBA) and its subsidiaries knowingly filled millions of unlawful prescriptions for controlled substances from August 2012 up to the present.

Allegedly, Walgreens (WBA) and its pharmacies filled prescriptions for dangerous and excessive quantities of opioids, including early refills among other prescriptions despite clear “red flags.”

The lawsuit also alleged that the pharmacy giant ignored substantial evidence from multiple sources that its stores were dispensing unlawful prescriptions, including from its own pharmacists and internal data, the suit claims.