Worth Watching Stock for Traders: CVS Health (NYSE: CVS)

CVS Health (NYSE: CVS) stock observed trading -11.09% off 52-week high price. On the other end, the stock has been noted 24.01% away from low price over the last 52-weeks. The stock disclosed a move of -0.52% away from 50 day moving average and 6.35% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.11% off 20-day moving average. It has market cap of $76622M and dividend yield of 2.68%.

CVS Health (NYSE: CVS) declared that MinuteClinic, the company’s retail medical clinic, has rolled out its new virtual health care offering in the state of Nebraska. People in Nebraska with minor illnesses and injuries, skin conditions and other wellness needs can now seek care through MinuteClinic Video Visits, a telehealth offering. MinuteClinic Video Visits provide patients with access to care 24 hours a day, seven days a week from their mobile device.

“We’re excited to introduce MinuteClinic Video Visits to people who live and work in Nebraska,” said Marc-David Munk, MD, MPH, MHCM, Chief Medical Officer, CVS MinuteClinic and Associate Chief Medical Officer, CVS Health. “At CVS Health, we’re committed to delivering high-quality care when and where our patients need it and at prices they can afford. This new MinuteClinic service offers people in Nebraska access to an innovative, on-demand health care option right from their cell phone.”

MinuteClinic has been testing telehealth as a method of increasing access to care in recent years. During the initial phase of testing, a CVS Health study found that 95 percent of patients who opted to receive a telehealth visit were highly satisfied with the quality of care they received.1 In the same study, 95 percent of patients were satisfied with the convenience of using the telehealth service and the overall telehealth experience. Those results led the company to develop MinuteClinic Video Visits.

Working collaboratively with Teladoc (NYSE: TDOC), the global leader in virtual care, and leveraging Teladoc’s technology platform, patients can receive care via a MinuteClinic Video Visit, initiated through the CVS Pharmacy app. Patients who opt to seek care through a fully customized MinuteClinic Video Visit experience the same high-quality, evidence-based care they receive at traditional MinuteClinic locations inside select CVS Pharmacy and Target stores, including the six MinuteClinic locations in Nebraska.

The USA based company CVS Health Corporation moved with change of 1.90% to $74.58 with the total traded volume of 9451224 shares in recent session versus to an average volume of 7149K. The stock was observed in the 5 days activity at -5.20%. The one month performance of stock was -3.24%. CVS’s shares are at 9.29% for the quarter and driving a 1.08% return over the course of the past year and is now at 2.87% since this point in 2018.  Right now the stock beta is 0.97. The average volatility for the week and month was at 2.76% and 1.87% respectively. There are 1027.38M shares outstanding and 1015.39M shares are floated in market.

About the Author

Jacob Roark
Jacob Roark
Jacob Roark also covers the business news across all market sectors for mostvolatilestocks.com. He also has an enormous knowledge of stock market.  Jacob holds an MBA degree from University of Florida. He has more than 10 years of experience in writing financial and market news. He previously worked at a number of companies in different role including web developer, software engineer and product manager. He currently covers Business news section for mostvolatilestocks.com. Email Contact - Jacob@mostvolatilestocks.com.

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