The Nasdaq OMX Group Inc. said Friday that Walgreens Boots Alliance, which has the stock symbol WBA, will become a component of the Nasdaq-100 Index (NDX), Nasdaq-100 Equal Weighted Index (NDXE) and NASDAQ-100 Ex-Technology Index (NDXX) before the market opens on March 23.
Nasdaq said Walgreens Boots Alliance will replace Equinix Inc. (EQIX), which is being removed as a result of the company’s conversion to a real estate investment trust (REIT).
Walgreens Boots Alliance common stock began trading on Nasdaq under the WBA symbol at the start of the year, following the Dec. 31 closing of the merger between Walgreen Co. and Alliance Boots GmbH. The deal made Walgreens a subsidiary of a new holding company, Walgreens Boots Alliance Inc., based in Deerfield, Ill.
WBA’s top executives rang the opening bell days later at a Nasdaq MarketSite event in Manhattan’s Times Square to mark the new company’s listing on the exchange.