Large Inflow of Money Detected in CVS Health Corporation

CVS Health Corporation (CVS) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $109.43 million worth of transactions were on upticks, whereas, the downticks accounted for $79.32 million worth of transactions. The net money flow was a positive $30.11 million and the uptick to downtick ratio was 1.38. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 4.31 in their favor. The net money flow into the stock was $30.39 million. The value of block trades done on downticks was only $9.19 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $39.58 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. CVS Health Corporation (CVS) was trading at $92.79, down $0.29 during day. The stock slid -0.31% over the previous days close. For the week, the stock recorded -0.5% over the previous weeks close.


Also, Major Brokerage house, Citigroup maintains its ratings on CVS Health Corporation (NYSE:CVS). In the latest research report, Citigroup lowers the target price from $115 per share to $108 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 8, 2016.

CVS Health Corporation has lost 4.61% in the last five trading days and dropped 0.75% in the last 4 weeks. CVS Health Corporation has dropped 3.5% during the last 3-month period . Year-to-Date the stock performance stands at -3.85%.

CVS Health Corporation (NYSE:CVS): The stock opened at $93.01 on Tuesday but the bulls could not build on the opening and the stock topped out at $93.22 for the day. The stock traded down to $92.25 during the day, due to lack of any buying support eventually closed down at $92.79 with a loss of -0.31% for the day. The stock had closed at $93.08 on the previous day. The total traded volume was 4,971,947 shares.

In a related news, The director officer (President and CEO), of Cvs Health Corp, Merlo Larry J had unloaded 38,247 shares at $105 per share in a transaction on May 5, 2016. The total value of transaction was $4,015,935. The Insider information was revealed by 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.