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CVS / CVS Health stock slides as Blue Shield of California drops Caremark

CVS Health Corp (NYSE:CVS) shares fell more than 7% in pre-market trading on Thursday after The Wall Street Journal reported that Blue Shield of California will no longer be using CVS Health's Caremark as its current pharmacy-benefit manager. Blue Shield of California, which has around 4.8 million members, will instead work with a select group of companies that perform a designated function, including Amazon.com for at-home drug delivery. Read More

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Shield

California

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Caremark

CVS

Posted: Aug 17 2023, 09:11

Author Name: Proactive Investors

CVS News

By The Motley Fool
November 3, 2023

CVS Health Is Down 27% This Year. Is the Stock a Buy on the Dip?

CVS Health stock dipped after the company reported third-quarter results on Nov. 1. CVS Health's largest operating segment lost a big client earlier t

By Market Watch
November 2, 2023

FDA's eye-drops recall: The full list of CVS, Walmart, Target and Rite Aid products that you should stop using ASAP

The list of over-the-counter eye drops that the Food and Drug Administration warns could lead to serious infections continues to grow, with the federa

By Reuters
November 1, 2023

CVS and Walgreens say pharmacist work action had minimal impact

CVS Health Corp and Walgreens Boots Alliance on Wednesday said that a work action by some U.S. pharmacists this week had minimal impact on operations,

By The Motley Fool
November 1, 2023

Why CVS Health Stock Dropped Today

CVS Health delivered better-than-expected revenue and earnings for its third quarter of 2023. The pharmacy chain also lowered its full-year earnings o

By Zacks Investment Research
November 1, 2023

CVS Health (CVS) Q3 Earnings Surpass Estimates, Margins Up

Robust sales growth across all three operating segments drove CVS Health's (CVS) third-quarter results.

By Investopedia
November 1, 2023

CVS's Results Beat Forecasts, but Shares Fall as It Cuts Full-Year Unadjusted EPS

CVS Health (CVS) posted better-than-expected results on gains in its health services business, but shares fell 1% in early trading Wednesday as the bi

By Proactive Investors
November 1, 2023

CVS shares drop 4.2% on guidance downgrade

CVS Health Corp (NYSE:CVS) bobbed and weaved to put the best gloss on its third-quarter earnings update early on – only to see the stock flop 4.2% p

By Forbes
November 1, 2023

CVS Health Profits Eclipse $2.2 Billion As Company Integrates New Provider Businesses

CVS Health reported third quarter net income of $2.2 billion thanks in part to contributions from its new healthcare services acquisitions.

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