Shares of CVS Health Corporation (CVS) Sees Large Inflow of Net Money Flow

CVS Health Corporation (CVS) : CVS Health Corporation (CVS) had a healthy money flow of $3.75 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $56.13 million, whereas, investors only sold shares worth $52.38 million on downticks. The stock closed the day with an up-down ratio of 1.07.The money flow in the block trades to the tune of $0.91 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $8.06 million worth of transactions were on upticks. A paltry $7.15 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.13. CVS Health Corporation (CVS) stock slid $0.4 intraday and traded at 96.55, a change of -0.41% over previous days close. However, for the week, the company shares are -0.56% compared to previous weeks close.


CVS Health Corporation (CVS) : 22 investment research analysts covering CVS Health Corporation (CVS) have an average price target of $111.68 for the near short term. The highest target price given by the Brokerage Firm to the stock is $123 and the lowest target is $90 for the short term. Analysts expect the variance to be within $8.19 of the average price.

CVS Health Corporation (NYSE:CVS): On Fridays trading session , Opening price of the stock was $97.08 with an intraday high of $97.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $96.2. However, the stock managed to close at $96.55, a loss of 0.41% for the day. On the previous day, the stock had closed at $96.95. The total traded volume of the day was 2,955,734 shares.

In a related news, Merlo Larry J, director officer (President and CEO) of Cvs Health Corp, unloaded 38,247 shares at an average price of $105 on May 5, 2016. The total amount of the transaction was worth $4,015,935, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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