CVS Health Corp’s recent filing unveils that its Director LUDWIG EDWARD J acquired Company’s shares for reported $53879.0 on May 02 ’24. In the deal valued at $53.88 per share,1,000 shares were bought. As a result of this transaction, LUDWIG EDWARD J now holds 21,630 shares worth roughly $1.24 million.
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Then, Mahoney Michael F bought 9,181 shares, generating $500,294 in total proceeds. Upon buying the shares at $54.49, the Director now owns 9,356 shares.
Before that, Shah Prem S sold 29,473 shares. CVS Health Corp shares valued at $2,267,947 were divested by the EVP and Pres-Pharm, Consumer W at a price of $76.95 per share. As a result of the transaction, Shah Prem S now holds 39,765 shares, worth roughly $2.29 million.
Robert W. Baird initiated its CVS Health Corp [CVS] rating to a Neutral in a research note published on May 30, 2024; the price target was $61. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. UBS also remained covering CVS and has decreased its forecast on May 02, 2024 with a “Neutral” recommendation from previously “Buy” rating. Leerink Partners revised its rating on May 01, 2024. It rated CVS as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of CVS
On Friday, CVS Health Corp [NYSE:CVS] saw its stock fall -1.52% to $57.51. Over the last five days, the stock has lost -0.81%. CVS Health Corp shares have fallen nearly -27.17% since the year began. Nevertheless, the stocks have fallen -19.47% over the past one year. While a 52-week high of $83.25 was reached on 01/08/24, a 52-week low of $52.77 was recorded on 05/29/24. SMA at 50 days reached $58.34, while 200 days put it at $66.72.
Levels Of Support And Resistance For CVS Stock
The 24-hour chart illustrates a support level at 57.07, which if violated will result in even more drops to 56.62. On the upside, there is a resistance level at 58.02. A further resistance level may holdings at 58.52. The Relative Strength Index (RSI) on the 14-day chart is 48.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.53%. Stochastics %K at 65.35% indicates the stock is a holding.
How much short interest is there in CVS Health Corp?
A steep rise in short interest was recorded in CVS Health Corp stocks on 2024-08-30, dropping by -1.49 million shares to a total of 18.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 19.99 million shares. There was a decline of -8.07%, which implies that there is a negative sentiment for the stock.
