Large Outflow of Money Witnessed in CVS Health Corporation

CVS Health Corporation (CVS) : The value of composite uptick trades was $46.89 million, whereas, the value of composite downtick trades was $104.72 million. The uptick to downtick ratio stood at 0.45 with a negative money flow of ($57.84) Million during Tuesdays trading session. The block trades money flow was negative ($56.06 million). The transaction of the trades on downticks amounted to $56.06 million, which confirms investors selling on the strength of price. CVS Health Corporation (CVS) gained 10 cents at $96.84, an increase of 0.1% over the previous days close.


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 -9.75% . Institutional Investors own 85.22% of CVS Health Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.69%. In an insider trading activity, The Securities and Exchange Commission has divulged that Merlo Larry J, director officer (President and CEO) of Cvs Health Corp, had unloaded 38,247 shares at an average price of $105 in a transaction dated on May 5, 2016. The total value of the transaction was worth $4,015,935.

Shares of CVS Health Corporation appreciated by 1.56% during the last five trading days but lost 0.22% on a 4-week basis. CVS Health Corporation has dropped 4.32% during the last 3-month period . Year-to-Date the stock performance stands at -0.49%.

CVS Health Corporation (NYSE:CVS): On Tuesdays trading session , Opening price of the stock was $96.83 with an intraday high of $97. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $95.9. However, the stock managed to close at $96.46, a loss of 0.39% for the day. On the previous day, the stock had closed at $96.84. The total traded volume of the day was 3,974,276 shares.

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.

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