In a filing, CVS Health Corp revealed 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 $1.4 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 $2.57 million.
TD Cowen upgraded its CVS Health Corp [CVS] rating to a Buy from a a Hold in a research note published on October 04, 2024; the price target was increased to $85 from $59. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. TD Cowen also remained covering CVS and has decreased its forecast on May 07, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on May 02, 2024. It rated CVS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CVS
On Friday, CVS Health Corp [NYSE:CVS] saw its stock jump 2.65% to $64.59. Over the last five days, the stock has gained 5.23%. CVS Health Corp shares have fallen nearly -18.20% since the year began. Nevertheless, the stocks have fallen -6.36% 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 $58.67, while 200 days put it at $66.06.
Levels Of Support And Resistance For CVS Stock
The 24-hour chart illustrates a support level at 63.65, which if violated will result in even more drops to 62.70. On the upside, there is a resistance level at 65.55. A further resistance level may holdings at 66.51. The Relative Strength Index (RSI) on the 14-day chart is 71.51, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.61%. Stochastics %K at 82.70% indicates the stock is a selling.
How much short interest is there in CVS Health Corp?
A steep rise in short interest was recorded in CVS Health Corp stocks on 2024-09-13, dropping by 13924.0 shares to a total of 17.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.42 million shares. There was a decline of -0.08%, which implies that there is a negative sentiment for the stock.
