Courtesy of Benzinga.
CVS Health Corp (NYSE: CVS) shares are trading lower by $4.80 at $99 in Friday’s session.
The Street is not rewarding the company for inline earnings and slightly better revenue than expected.
After a lower open ($99.59 vs. Thursday’s close at $103.80), it managed a brief rally to $100.24 before plummeting to $96.40. That marks the lowest level for the issue since it bottomed on October 2. Since making the low, it rallied back into the $99 handle.
Joel Elconin is the co-host of Benzinga’s #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com.
Posted-In: Premarket outlookTechnicals Intraday Update Movers Trading Ideas
