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CVS Health Corp. (CVS) live price

Discover historical price data for CVS Health Corp stocks and take your profit on price changes.

CVS

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87.05 USD -0.83162%
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CVS Health shares can be classified as a promising asset for the waiting period of the recession. The company stays afloat even in times of crisis. This is evidenced by strong financial results and the corporation's development plans. A more detailed picture of the dynamics of quotes can be seen in the forecasts of analysts.

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Basic information about the company

CVS Health (formerly CVS Corporation and CVS Caremark Corporation) is an American retail pharmacy and medical company headquartered in Wansocket, Rhode Island. It was founded in 1963 as a medical services company. It later became a pharmacy chain and then a retail pharmacy. The company was founded by two brothers, Stanley and Sidney Goldstein, and their partner, Ralph Hoagland. The first store opened in Lowell, Massachusetts.

The company expanded rapidly in the 1970s and 1980s, opening new stores and acquiring other companies. In 1986, CVS became a publicly traded corporation on the New York Stock Exchange. In 1996, the retailer acquired the Eckerd drugstore chain, which added more than 2,000 stores to the CVS chain. In 1998, CVS acquired Caremark Rx, a benefit pharmacy management (PBM) company, which helped the company expand its reach in the prescription drug market.

The company's activities

The company's pharmacy division, with more than 9,800 retail pharmacies, is the largest in the United States. CVS Health also operates several thousand MinuteClinic medical clinics, Aetna's retail business and provides pharmacy benefit management services for Aetna and other insurers. Its retail pharmacies sell prescription drugs and a wide variety of other products, including over-the-counter medications, cosmetics, beauty products, seasonal items, greeting cards and groceries.

In 2007, CVS acquired the MinuteClinic chain of medical clinics, which expanded the company's presence in the healthcare market. In 2009, CVS Caremark was created as a separate company to focus on the PBM business, and in 2015, CVS Health spun off its pharmacy benefit management business into a new company called Aetna. CVS Health is constantly working to expand its presence in the healthcare market. In 2016, the company announced the acquisition of retail clinic operator Target Corporation. The acquisition was completed in December 2016.

Recent News

CVS Health has been garnering public attention lately with its plans to turn all of its stores into health centers by 2022. This change is a response to the changing health care landscape, as more and more people seek convenient and affordable ways to manage their health.

CVS Health plans to offer a wide range of services at their health centers, including primary care, mental health counseling and chronic disease management. They also plan to offer on-site pharmacy services and extended hours of operation to make it easier for people to get the health care they need. CVS Health's goal is to provide affordable and accessible health care for all, and the company's plans for 2022 are just the first step in that direction.

✅ Benefits of Investing in CVS

  • The company has been in business for more than 50 years and is a trusted name in the health care industry. CVS Health stock is a good investment for several reasons. One is its rich history of profitability and growth.
  • CVS Health has a diversified business model that includes pharmacies, retail and medical services. This diversity provides some protection against economic downturns.
  • CVS Health stock pays dividends, which can provide investors with returns even when the retail chain's stock price stagnates or declines.

❌ Disadvantages of Investing in CVS

  • While CVS Health stock may seem like a sound investment, there are several potential drawbacks to consider before buying. One of the biggest risks is the possibility of government regulation. CVS Health is a large company with significant political clout, and any change in government policy could have a significant impact on its bottom line.
  • CVS Health's revenues rely heavily on its retail pharmacies. If consumers start abandoning retail pharmacies in favor of online retailers, CVS Health's profits could decline.

Financial performance

CVS ended the second quarter of 2022 with $22.7 billion in revenue in the medical benefits segment. This figure for the corporation was up nearly 11% year over year. It is worth noting that revenue growth in the pharmacy benefits sector brought in $42.8 billion, an increase of 11.7%.

In the first half of 2022, the corporation generated revenue of $157.5 billion. This was more than 11% higher than the previous year. CVS Health's earnings per share were $3.97 in the first half of 2022. For the first six months of 2021, the figure was $3.78. The company managed to increase its pharmacy chain revenue by 10.2% in the first six months of the year. That figure in the retail sector showed a 7.7% increase. For health care benefits, revenue in the first half of 2022 was up 11.8%.

CVS Stock Price Forecast 2023, 2025, 2030

According to technical analysis, CVS stock has the potential to rise to $100 in 2023. By 2025, analysts forecast the company to quote at $130. By 2030, CVS stock could face a slowdown in price growth, which could linger at $134 for a while. The company's quotes could rise as it develops and opens new outlets.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected the CVS stock price?

In March 2020, CVS's stock price was at $59. After the coronavirus pandemic began, the stock price was flat for several months. An active rise in the stock price began in November 2020. 

How does an individual invest in CVS stock?

To start investing in CVS stock, you need to log in to your personal DotBig account. 

How has the CVS stock price changed over the past year?

During the year from November 2021 to November 2022, CVS stock went from $93 to $100. 

Can CVS stock be traded automatically?

You can use a copy trading platform, trading signals, and trading robots/advisors for automated trading.

What other healthcare companies can I choose to invest in?

CVS Health's main competitors are Walmart, Rite Aid и Walgreens.

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