Large Inflow of Money Witnessed in CVS Health Corporation

CVS Health Corporation (CVS) : Investors lapped up stocks on upticks to the tune of $94.21 million in the Thursdays trading session. The trading value on downticks was comparatively at $57.62 million and the uptick to downtick ratio of 1.63 indicates continuous buying by the bulls. The net money flow into the stock was $36.59 million. Upticks saw transactions worth $36.23 clearly indicating buying by large investors. The total money flow for block trades stood at $36.23 million, which is a positive for the stock in the long-term. CVS Health Corporation (CVS) fell $0.56 during the day at $95.5, a drop of -0.58% over the previous days close. However, for the week, the stock is 0.53%, compared to the previous week.


CVS Health Corporation (CVS) : The highest short term price target forecast on CVS Health Corporation (CVS) is $123 and the lowest target price is $90. A total of 22 equity analysts are currently covering the company. The average price of all the analysts is $111.61 with a standard deviation of $8.26. The stock has recorded a 20-day Moving Average of 0.45% and the 50-Day Moving Average is 3.08%.

CVS Health Corporation (NYSE:CVS): The stock opened at $96.29 on Thursday but the bulls could not build on the opening and the stock topped out at $96.43 for the day. The stock traded down to $95.21 during the day, due to lack of any buying support eventually closed down at $95.50 with a loss of -0.58% for the day. The stock had closed at $96.06 on the previous day. The total traded volume was 4,199,056 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.

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