CVS Health Corporation (NYSE:CVS) has tumbled 1.89% during the past week and has dropped 4.65% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.72%. CVS Health Corporation (NYSE:CVS) has underperformed the index by 5.52% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CVS Health Corporation (NYSE:CVS): The stock opened at $95.65 on Friday but the bulls could not build on the opening and the stock topped out at $95.68 for the day. The stock traded down to $94.47 during the day, due to lack of any buying support eventually closed down at $94.84 with a loss of -0.72% for the day. The stock had closed at $95.53 on the previous day. The total traded volume was 9,142,716 shares.
The company shares have dropped -10.08% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $113.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $99.73 and the 200 Day Moving Average price is recorded at $98.36.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Cvs Health Corp, Merlo Larry J had sold 38,247 shares worth of $4,015,935 in a transaction dated May 5, 2016. In this transaction, 38,247 shares were sold at $105 per share.
Many analysts have stated their opinion on the company shares. Jefferies maintains their rating on the shares of CVS Health Corporation (NYSE:CVS). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $122 per share from $110 per share. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 0.58% of CVS Health Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.31% . Institutional Investors own 85.28% of CVS Health Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.69%.
CVS Health Corporation, together with its subsidiaries, is a pharmacy company. The Company operates through three business segments: Pharmacy Services, Retail Pharmacy and Corporate. The Pharmacy Services segment provides a range of pharmacy benefit management (PBM) services and operates under the CVS/caremark Pharmacy Services, Novologix and Navarro Health Services names. The Retail Pharmacy segment sells prescription drugs and an assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, personal care products, convenience foods, photo finishing, seasonal merchandise and greeting cards through the Companys retail stores, online retail pharmacy Websites and retail healthcare clinics. The Corporate segment provides management and administrative services to support the overall operations of the Company. The Company, through its wholly owned subsidiary, Omnicare, Inc., provides pharmacy services to long term care facilities.