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

CVS Health Corporation (CVS) : Wednesdays money flow points at investors jumping to buy the stock on the weakness of price. $91.17 million worth of transactions were on upticks, whereas, the downticks accounted for $68.49 million worth of transactions. The net money flow was a positive $22.69 million and the uptick to downtick ratio was 1.33. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 2.6 in their favor. The net money flow into the stock was $19.94 million. The value of block trades done on downticks was only $12.45 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $32.39 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. CVS Health Corporation (CVS) was trading at $90.18, down $0.38 during day. The stock slid -0.42% over the previous days close. For the week, the stock recorded -0.46% over the previous weeks close.

CVS

CVS Health Corporation has lost 0.09% in the last five trading days and dropped 3.12% in the last 4 weeks. CVS Health Corporation has dropped 4.06% during the last 3-month period . Year-to-Date the stock performance stands at -6.56%.

CVS Health Corporation (CVS) : 20 analysts are covering CVS Health Corporation (CVS) and their average rating on the stock is 1.45, which is read as a Strong Buy. 15 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CVS Health Corporation (CVS) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CVS Health Corporation (NYSE:CVS): stock was range-bound between the intraday low of $89.74 and the intraday high of $90.56 after having opened at $90.31 on Wednesdays session. The stock finally closed in the red at $90.31, a loss of -0.42%. The stock remained in the red for the whole trading day. The total traded volume was 4,468,256 shares. The stock failed to cross $90.56 in Wednesdays trading. The stocks closing price on Thursday was $90.56.

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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