CVS Stock Trades Near 52-Week Low: Should You Buy the Dip?
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CVS Health's Medicaid business is facing medical cost pressure due to higher-than-expected acuity after member redeterminations resumed, causing its stock to trade near a 52-week low.
January 06, 2025 | 4:45 pm
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CVS Health's Medicaid business is under pressure from higher medical costs due to increased acuity after member redeterminations, contributing to its stock trading near a 52-week low.
The news highlights a significant challenge for CVS Health's Medicaid business, which is experiencing higher medical costs than expected. This financial strain is likely contributing to the stock's decline to near a 52-week low, suggesting a negative short-term impact on the stock price.
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