CVS Health Corporation (CVS) has risen sharply, recording gains of 0.47% in the past 4 weeks. However, the stock has corrected -0.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
CVS Health Corporation has dropped 2.04% during the last 3-month period . Year-to-Date the stock performance stands at 0.51%. The stock has recorded a 20-day Moving Average of 0.9% and the 50-Day Moving Average is 1.47%.
CVS Health Corporation (NYSE:CVS): The stock opened at $97.01 on Friday but the bulls could not build on the opening and the stock topped out at $97.11 for the day. The stock traded down to $96.37 during the day, due to lack of any buying support eventually closed down at $97.00 with a loss of -0.19% for the day. The stock had closed at $97.18 on the previous day. The total traded volume was 2,939,121 shares.
Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on CVS Health Corporation (NYSE:CVS). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup lowers the price target from $115 per share to $108 per share. The rating by the firm was issued on August 8, 2016.
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.