CVS Health Corp’s recently made public 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 $1.28 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 $2.35 million.
Deutsche Bank upgraded its CVS Health Corp [CVS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid November from “an Equal weight” to “an Overweight”. Barclays also remained covering CVS and has increased its forecast on October 10, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. TD Cowen revised its rating on October 04, 2024. It rated CVS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CVS
On Tuesday, CVS Health Corp [NYSE:CVS] saw its stock jump 0.19% to $59.19. Over the last five days, the stock has lost -1.48%. CVS Health Corp shares have fallen nearly -25.04% since the year began. Nevertheless, the stocks have fallen -13.57% over the past one year. While a 52-week high of $83.25 was reached on 01/08/24, a 52-week low of $52.71 was recorded on 11/15/24. SMA at 50 days reached $59.35, while 200 days put it at $62.43.
Levels Of Support And Resistance For CVS Stock
The 24-hour chart illustrates a support level at 58.80, which if violated will result in even more drops to 58.40. On the upside, there is a resistance level at 59.82. A further resistance level may holdings at 60.44. The Relative Strength Index (RSI) on the 14-day chart is 54.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.49%. Stochastics %K at 85.87% 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 2024-11-15, growing by 0.59 million shares to a total of 21.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 20.8 million shares. There was a rise of 2.78%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 30, 2024 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $61 price target.
