Trending: CVS Stock Rises After Rite Aid Bankruptcy
October 16 2023 - 2:23PM
Dow Jones News
1347 ET -- CVS Health is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. CVS stock was rising Monday after rival drugstore
operator Rite Aid filed for bankruptcy. The prospect of reduced
competition from Rite Aid may be only one factor lifting CVS
shares. The healthcare company may also be benefiting from blowout
earnings from UnitedHealth Group, with the insurer's quarterly
results crushing Wall Street's expectations and sending shares
across companies in managed care skyward. Dow Jones & Co. owns
Factiva. matthew.walker@dowjones.com)
(END) Dow Jones Newswires
October 16, 2023 14:08 ET (18:08 GMT)
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