CVS Health Corp’s filing revealed 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 $1.2 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 $2.2 million.
Barclays upgraded its CVS Health Corp [CVS] rating to an Overweight from a an Equal weight in a research note published on October 10, 2024; the price target was increased to $82 from $63. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early October from “a Hold” to “a Buy”. Robert W. Baird began covering CVS with “Neutral” recommendation on May 30, 2024. TD Cowen revised its rating on May 07, 2024. It rated CVS as “a Hold” which previously was an “a Buy”.
Price Performance Review of CVS
On Tuesday, CVS Health Corp [NYSE:CVS] saw its stock jump 1.26% to $55.34. Over the last five days, the stock has lost -1.62%. CVS Health Corp shares have fallen nearly -29.91% since the year began. Nevertheless, the stocks have fallen -21.22% 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 $59.49, while 200 days put it at $64.10.
Levels Of Support And Resistance For CVS Stock
The 24-hour chart illustrates a support level at 54.65, which if violated will result in even more drops to 53.96. On the upside, there is a resistance level at 55.69. A further resistance level may holdings at 56.04. The Relative Strength Index (RSI) on the 14-day chart is 34.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.28%. Stochastics %K at 5.64% indicates the stock is a buying.
How much short interest is there in CVS Health Corp?
A steep rise in short interest was recorded in CVS Health Corp stocks on 2024-10-15, growing by 3.39 million shares to a total of 20.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.4 million shares. There was a rise of 16.32%, which implies that there is a positive sentiment for the stock.
