Why CVS Health Shares Are Rising
Portfolio Pulse from Henry Khederian
Shares of CVS Health Corp (NYSE:CVS) are trading higher by 2.43% to $74.06. This is in sympathy with Elevance Health, which reported better-than-expected Q2 financial results and raised guidance. Elevance Health's increase can be attributed to premium rate increases in the Health Benefits business, higher premium revenue from membership growth in Medicaid and Medicare, and the expansion of pharmacy product revenue through the acquisition of BioPlus in Q1 2023.
July 19, 2023 | 2:39 pm
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CVS Health Corp's stock is trading higher due to positive financial results from Elevance Health. This could indicate a positive sentiment towards healthcare stocks.
CVS Health Corp's stock is trading higher, likely due to the positive financial results reported by Elevance Health. This suggests that investors may have a positive sentiment towards healthcare stocks, which could potentially drive up the price of CVS Health Corp's stock in the short term.
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