CVS Health Corporation (CVS) has risen sharply, recording gains of 0.58% in the past 4 weeks. However, the stock has corrected -3.86% 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 0.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.62% and the fifty day Moving Average is 2.52%. CVS Health Corporation has dropped 3.37% during the last three month period . Year-to-Date the stock performance stands at -3.37%.
CVS Health Corporation (CVS) stock is expected to deviate a maximum of $7.5 from the average target price of $111.88 for the short term period. 21 Street Experts have initiated coverage on the stock with the most promising target being $123 and the most muted being $90.
CVS Health Corporation (NYSE:CVS): On Fridays trading session , Opening price of the stock was $94.01 with an intraday high of $94.3. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $92.7305. However, the stock managed to close at $93.26, a loss of 0.55% for the day. On the previous day, the stock had closed at $93.78. The total traded volume of the day was 6,370,357 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.