Shares of CVS Health Corporation (CVS) Sees Large Outflow of Money

CVS Health Corporation (CVS) : The total money flow in CVS Health Corporation (CVS) was negative ($20.17 million), showing the domination of sellers in the Monday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $63.69 million. Transactions on upticks were comparatively lower at $43.53 million. The uptick to downtick ratio was 0.68. The total block trades done on upticks were valued at $5.54 million. The total block trades on downticks were valued at $25.87 million. The uptick to the downtick ratio of block trades was 0.21. The money flow during block trades was negative ($20.33 million) when the stock traded with a gain of $15 cent. CVS Health Corporation (CVS) was $97.58, an increase of 0.15% over the previous days close.


Shares of CVS Health Corporation rose by 0.41% in the last five trading days and 0.95% for the last 4 weeks. CVS Health Corporation has dropped 6.26% during the last 3-month period . Year-to-Date the stock performance stands at 1.11%.

CVS Health Corporation (NYSE:CVS): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $97.40 and $97.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $97.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $97.58, notching a gain of 0.15% for the day. The total traded volume was 2,397,182 . The stock had closed at $97.43 on the previous day.

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.