Some beaten-down stocks have significant upside potential and, therefore, present attractive buying opportunities for investors. However, other companies that are failing to keep pace with the market and are likely to keep struggling for a long time aren’t worth investing in. Which group does CVS Health (NYSE: CVS) belong to? The healthcare giant is down […]
Tag: CVS
Why Walgreens, CVS and Rite Aid are closing thousands of drug stores across America
Walgreens said Thursday that it plans to close a “significant” number of its roughly 8,600 stores in the United States. Around 25% of Walgreens’ stores aren’t profitable, and the chain will look to close stores that are right by one another or struggling to hold down theft, CEO Tim Wentworth said in an interview with […]
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CVS, Walgreens will start stocking mifepristone. What to know about the abortion pill soon to be at the center of a Supreme Court case.
The Supreme Court voted unanimously to protect access to mifepristone, one of two drugs used in the majority of medication abortions, on Thursday. Access to mifepristone has been on shaky ground since Roe v. Wade, the Supreme Court ruling that protected access abortion in the United States, was overturned in 2022. According to the Guttmacher […]
Humana and CVS are downsizing their Medicare Advantage plans for 2025. Which insurers could benefit?
Humana and CVS, two of the largest Medicare Advantage insurers in the country, are poised to seriously downgrade their plan benefits and geographic presence next year as they chase profits in the privately run Medicare program. As a result, hundreds of thousands of Medicare Advantage seniors — and the billions in revenue they represent — […]
Is CVS Health Stock a Bargain Buy After Falling to Multi-Year Lows?
Shares of CVS Health (NYSE: CVS) have been falling sharply this month after investors were unimpressed with the healthcare giant’s latest earnings numbers. The sell-off has been so extreme that not only is CVS trading near its 52-week low, but the stock is now at levels it hasn’t been at since 2020. It seems to […]
CVS stock plunges after earnings numbers one analyst ‘did not even believe’
CVS (CVS) disappointed Wall Street Wednesday by missing revenue estimates and revising down its 2024 guidance, and expects to raise insurance plan prices in the coming year as it adjusts for Medicare reimbursement cuts. The healthcare giant reported $88.4 billion in revenue in the first quarter, up 3.7% year over year, but missed Wall Street’s […]
CVS Plummets as Rising Medical Costs Hit Profit Forecast
(Bloomberg) — CVS Health Corp. shares tumbled the most in nine years after the company cut its annual earnings outlook for the second quarter in a row, citing increased medical costs in its Medicare insurance business. Most Read from Bloomberg Adjusted earnings for the year will be at least $7 a share, CVS said in […]
CVS Health chops 2024 forecast as cost struggles with Medicare Advantage persist
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast. Shares of the health care giant plunged Wednesday morning after the company said it was still struggling with rising costs from care use in its Medicare Advantage business. Medicare Advantage plans are privately run versions of the […]
CVS cuts 2024 profit forecast as insurance unit faces soaring medical costs
(Reuters) -CVS Health Corp slashed its annual profit forecast and missed Wall Street estimates for first-quarter earnings on Wednesday, as elevated demand for non-urgent procedures increased medical costs at its health insurance business. The U.S. healthcare giant cut its per-share adjusted earnings forecast for 2024 to at least $7.00 from at least $8.30, adding it […]
Car chase through Sacramento ends with apprehension of Roseville CVS armed robbery suspects
A vehicle chase from Interstate 80 to a south Sacramento neighborhood ended Thursday with the arrest of four suspects believed to have held-up a Roseville CVS Pharmacy at gunpoint. The armed robbery occurred about 3 p.m. Thursday at the CVS on Sierra College Boulevard and East Roseville Parkway. The suspects entered the CVS armed with […]
Why Shares of UnitedHealth Group, CVS Health, and Humana Fell Today
Shares of several leading health insurance managed care stocks plunged today after the federally run Centers for Medicare and Medicaid Services (CMS) finalized a lower-than-expected 3.7% payment rate increase for the 2025 calendar year. When all was said and done at close of Tuesday’s trading, shares of Humana (NYSE: HUM) were down 13.4%, CVS Health […]