CVS Health Corporation (NYSE:CVS) traded today at a new 52-week high of $110.15. So far today approximately 2 million shares have been exchanged, as compared to an average 30-day volume of 6.8 million shares.
Following its acquisition of Aetna in late 2018, CVS Health now provides an even more integrated healthcare-services offering for its members. Legacy CVS combined both the largest pharmacy benefit manager, processing over 2 billion adjusted claims annually, and a sizable pharmacy operation, including nearly 10,000 retail pharmacy locations primarily in the U.S. Adding a managed-care organization with 24 million medical members gives the company a strong position in the insurance industry and should help CVS better control overall healthcare costs for its clients.
CVS Health Corporation share prices have moved between a 52-week high of $110.15 and a 52-week low of $68.02 and are now trading 61% above that low price at $109.58 per share.
Based on a current price of $109.58, CVS Health Corporation is currently 7.3% above its average consensus analyst price target of $101.56.
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