CVS Health gains as board grows on deak with activist investor Glenview
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CVS Health Corp's stock rose in pre-market trading following a deal with activist investor Glenview Capital Management, resulting in the addition of four new board members, including Glenview's CEO Larry Robbins.
November 18, 2024 | 1:15 pm
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CVS Health Corp's stock increased in pre-market trading after announcing a deal with Glenview Capital Management to add four new board members, including Glenview's CEO Larry Robbins.
The addition of new board members, especially from an activist investor like Glenview, is often seen as a positive move by the market, indicating potential strategic changes or improvements. This has led to a positive reaction in CVS's stock price.
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