CVS Health jumps 10% despite mixed results, as insurance stocks climb on election result
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CVS Health shares surged 10.5% pre-market following the US presidential election results, despite reporting mixed Q3 results and not providing forward guidance. Revenues increased by 6.3% to $95.4 billion, surpassing Wall Street expectations.
November 06, 2024 | 1:45 pm
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CVS Health's stock rose 10.5% pre-market, likely influenced by the US presidential election results. The company reported a 6.3% revenue increase to $95.4 billion, exceeding expectations, despite mixed Q3 results and no forward guidance.
The significant pre-market stock price increase is attributed to the positive sentiment from the US presidential election results. The revenue beat, despite mixed results and lack of guidance, suggests investor optimism under new CEO leadership.
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