These 10 Firms Led This Week’s Rally

2. Walgreens Boots Alliance Inc (NASDAQ:WBA)

Walgreens (WBA) saw its share price week-on-week soar by 27.41 percent to $11.76 from the $9.23 posted a week prior after its executives announced progress improving one of the largest concerns facing the industry—shrinking prescription reimbursement and said that their store-closing plan was progressing better than expected.

According to Walgreens CEO Tim Wentworth, the company succeeded in modifying contracts with commercial insurance firms that pay for prescriptions, including Medicare and Medicaid.

He also announced the company’s progress in closing 1,200 underperforming stores, a move that was expected to save Walgreens from incurring further expenses.

In the first quarter of the fiscal year, Walgreens (WBA) shut down around 70 stores. It plans to shutter around 500 this year. The company runs about 8,500 locations in the US and Puerto Rico, as well as a few thousand stores in Europe and Asia.