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INX:CVS, Apr 05, 07:24 UTC

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Tuesday, March 31


News

CVS Health (CVS) Stock Moves -0.5%: What You Should Know

CVS

In the latest trading session, CVS Health (CVS) closed at $59.38, marking a -0.5% move from the previous day. Heading into today, shares of the drugstore chain and pharmacy benefits manager had lost 6.79% over the past month, lagging the Retail-Wholesale sector's loss of 6.56% and outpacing the S&P 500's loss of 10.82% in that time. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.16 per share and revenue of $259.63 billion. Digging into valuation, CVS currently has a Forward P/E ratio of 8.34. For comparison, its industry has an average Forward P/E of 9.24, which means CVS is trading at a discount to the group.

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Wednesday, March 25


News

CVS Health's Aetna Insurance Waives Cost-Sharing and Co-Pays for COVID-19 Treatments

CVS

Aetna, which is now owned by CVS Health(NYSE: CVS), is waiving cost-sharing and co-pays for members who are admitted to the hospital for treatment of COVID-19 or health complications associated with it. However, they will have to go to in-network facilities to get that benefit. "We are doing everything we can to make sure our members have simple and affordable access to the treatment they need as we face the pandemic together," Karen S. Lynch, president of the Aetna business unit and an executive vice president at CVS Health, said in a statement. In states that have been hit the hardest by COVID-19, including New York and Washington, hospitals won't have to get advanced approval from Aetna for members requiring hospitalization for the coronavirus. In light of the natural anxiety that this pandemic is generating, Aetna is also opening up its Resources For Living employee assistance program to all members, even if that program isn't part of their normal healthcare benefits.

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Tuesday, March 24


News

The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, BHP, CVS Health, T-Mobile US and Anthem

CVS BMY +1 more CVS BMY BLT

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bristol-Myers Squibb BMY, BHP Group BHP, CVS Health CVS, T-Mobile US TMUS and Anthem ANTM. The Zacks analyst believes that BHP Group’s strong cash flow and focus on lowering debt are likely to enhance its capability. Click to get this free report BHP Group Limited (BHP) : Free Stock Analysis Report CVS Health Corporation (CVS) : Free Stock Analysis Report Bristol-Myers Squibb Company (BMY) : Free Stock Analysis Report Anthem, Inc. (ANTM) : Free Stock Analysis Report T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report To read this article on Zacks.com click here.

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Monday, March 23


News

Top Research Reports for Bristol-Myers, BHP & CVS

CVS BMY +2 more CVS BMY CELG BLT

Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers Squibb (BMY), BHP Group (BHP) and CVS Health (CVS). The Zacks analyst believes that Bristol-Myers’ blockbuster immuno-oncology drug, Opdivo, and Eliquis have maintained the company’s momentum. The Zacks analyst believes that BHP Group’s strong cash flow and focus on lowering debt are likely to enhance its capability. CVS Health’s shares have lost 26.6% over the past three months against the Zacks Retail Pharmacies and Drug Stores industry’s fall of 25.1%.

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Thursday, March 19


News

CVS announces first drive-thru coronavirus testing site in Massachusetts

CVS

CVS announces first drive-thru coronavirus testing site in Massachusetts. March 19 (Reuters) - CVS Health Corp said on Thursday it is opening a COVID-19 testing site for a limited population in the parking lot of a CVS Pharmacy in Shrewsbury, Massachusetts. Drive-thru coronavirus testing sites are popping up across the country, with the goal to ramp up testing and reduce pressure on emergency rooms and keep patients in cars to avoid spreading the infection. CVS and other U.S. retailers such as Walmart Inc, Target Corp and Walgreens Boots Alliance pledged at a White House news conference last Friday to provide space for the drive-thru sites in their parking lots.

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Monday, March 16


News

Why CVS Health Stock Is Sinking Today

CVS

Why CVS Health Stock Is Sinking Today | NASDAQ. What happened. Shares of CVS Health(NYSE: CVS) were sinking 6.3% as of 11:40 a.m. EDT on Monday after falling as much as 11.1% earlier in the day. The healthcare giant was affected by the overall stock market sell-off caused by escalating worries about the novel coronavirus pandemic and the Federal Reserve Board's action to cut interest rates to 0% and inject $700 billion into the U.S. economy. So what. Although some healthcare stocks shouldn't be affected much by the COVID-19 outbreak, CVS Health isn't one of them. Image source: CVS Health. But shouldn't the Fed's move to reduce interest rates to 0% and embark on another round of quantitative easing (buying Treasury securities and other securities to try to boost the economy) help companies like CVS Health?

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Thursday, March 12


News

Livongo Expands Relationship with CVS Health, Now Part of Chronic Condition Management Platform within Point Solutions Service

CVS

MOUNTAIN VIEW, Calif., March 12, 2020 (GLOBE NEWSWIRE) -- Livongo (LVGO), the leading Applied Health Signals company empowering people with chronic conditions to live better and healthier lives, today announced that it is available through the CVS Health Point Solutions Management service. “Together Livongo and CVS Health are focused on creating the best possible Member and client experience and one that leads to measurable clinical outcomes and financial returns,” said Livongo President Dr. Jennifer Schneider, M.D., M.S. Through its AI+AI engine, Livongo uses its connected ecosystem to collect data, which includes cellular-connected devices and integration with continuous glucose monitors, and then applies advanced data science to create detailed Member profiles that includes personal health and medication trends. As of March 2, 2020, Livongo has more than 800 clients, including more than 30 percent of Fortune 500 companies, four of the top seven health plans, health systems, government organizations, and labor unions. A recent study presented at the American Heart Association’s 2019 Scientific Sessions showed that people with both diabetes and elevated blood pressure who used Livongo’s integrated platform saw sustained clinically-significant blood pressure reduction after only four weeks and experienced further improvements after using the program for twelve weeks.

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Thursday, February 27


News

CVS Health to Participate in Fireside Chat with Investors at the Barclays Global Healthcare Conference 2020

CVS

WOONSOCKET, R.I., Feb. 27, 2020 /PRNewswire/ -- CVS Health Corporation ("CVS Health") today announced that Eva Boratto, Executive Vice President and Chief Financial Officer, and Alan Lotvin, Executive Vice President and President of CVS Caremark, will be participating in a fireside chat with investors at the Barclays Global Healthcare Conference on March 12, 2020, at approximately 8:30 a.m. An audio webcast of the event will be broadcast simultaneously on the Investor Relations portion of the CVS Health website for all interested parties, and will be archived and available for a one-year period. CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We're evolving based on changing consumer needs and meeting people where they are, whether that's in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand.

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Tuesday, February 25


News

Why CVS Health Is Falling Again

CVS

Why CVS Health Is Falling Again | NASDAQ. What happened. For the second day in a row, shares of CVS Health(NYSE: CVS) are under pressure, falling as much as 5% on Tuesday. All three of the major U.S. stock market indices -- the Dow Jones Industrial Average (DJINDICES:^DJI), the S&P 500 (SNPINDEX:^GSPC), and the Nasdaq Composite(NASDAQINDEX: ^IXIC) -- are down more than 7% from their recent highs. Companies such as UnitedHealth Group, Cigna, Humana, and CVS Health (which owns Aetna) have all fallen between 10% and 13% in the last few days. Big health insurance companies are usually relatively stable investments, since their products are largely recession-proof, but the extra volatility is likely linked to Sen. Bernie Sanders' win in the Nevada Democratic caucus over the last week.

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Monday, February 24


News

Why CVS Health Dropped Today

CVS

Shares of CVS Health(NYSE: CVS) fell as much as 5% on Monday. Traders sold off shares of many health insurance stocks on Monday, including UnitedHealth Group, Centene, Cigna, and Humana. The 2020 election is in full swing, so it's likely that shares of many health insurance stocks (and the stock market in general) are going to swing wildly based on the latest news of the day. With thousands of retail pharmacy stores in operation, CVS Health is likely to remain profitable even if Medicare for All becomes the law of the land. For 2020, CVS Health's management is guiding for adjusted earnings per share to land between $7.04 and $7.17.

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