Large Inflow of Money Detected in CVS Health Corporation

CVS Health Corporation (CVS): $71.34 million was the positive money flow into the stock on Thursday and the up/down ratio of ticks was also in favor of the bulls at 2.02. The value of trades done on upticks was $141.44 million, whereas, trades done on downticks were valued at $70.1 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $71.47 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.38 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 51.63 was strongly in favor of the bulls. The money flow in block trades was $70.08 million. CVS Health Corporation (CVS) fell $0.17 traded at $97.46, a change of -0.17% over the previous day. The stock is 0.74% for the week.


The stock has recorded a 20-day Moving Average of 2.57% and the 50-Day Moving Average is 0.57%. Shares have dropped -11.29% from its 1 Year high price. On Jul 29, 2015, the shares registered one year high at $113.65 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $95.76 and the 200 Day Moving Average price is recorded at $98.37.

CVS Health Corporation (NYSE:CVS): The stock opened at $98.21 on Thursday but the bulls could not build on the opening and the stock topped out at $98.24 for the day. The stock traded down to $97.27 during the day, due to lack of any buying support eventually closed down at $97.46 with a loss of -0.17% for the day. The stock had closed at $97.63 on the previous day. The total traded volume was 4,816,118 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Merlo Larry J, director officer (President and CEO) of Cvs Health Corp, had unloaded 38,247 shares at an average price of $105 in a transaction dated on May 5, 2016. The total value of the transaction was worth $4,015,935.

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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