Shares of CVS Health Corporation (CVS) Sees Large Inflow of Net Money Flow

CVS Health Corporation (CVS) : On Friday, The money flowed into the CVS Health Corporation (CVS) stock with an uptick to downtick ratio was recorded at 1.73. Transactions worth $77.55 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $44.94 million. The total money flow into the stock was $32.61 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $27.86 million of block transactions on upticks. The total money flow in block trades was $27.86 million. In terms of price action, CVS Health Corporation (CVS) traded down $0.03 during the session at $93.37. Compared to the previous days closing, the stock was down only by -0.03%. For the week, the stock is 0.12%, over previous weeks closing.


The company Insiders own 0.58% of CVS Health Corporation shares according to the proxy statements. Institutional Investors own 81.27% of CVS Health Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -10.31%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and CEO) of Cvs Health Corp, Merlo Larry J had sold 38,247 shares worth of $4,015,935 in a transaction dated May 5, 2016. In this transaction, 38,247 shares were sold at $105 per share.

CVS Health Corporation (NYSE:CVS): The stock opened at $93.83 and touched an intraday high of $94.2 on Friday. During the day, the stock corrected to an intraday low of $93.52, however, the bulls stepped in and pushed the price higher to close in the green at $93.84 with a gain of 0.50% for the day. The total traded volume for the day was 3,133,577. The stock had closed at $93.37 in the previous trading session.

CVS Health Corporation (CVS) has been under a strong bear grip, hence the stock is down -3.5% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.12% in the past 1 week. The stock has risen by 0.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.63% in the past 4 weeks.

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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