Hedge fund mogul Larry Robbins will meet with executives at struggling drugstore chain CVS on Monday to present a turnaround plan that the Glenview Capital founder hopes will improve the firm’s operations, according to a report.Robbins, 55, made his name with a 2012 bet on health companies that he thought would benefit from Obamacare and his fund specializes in healthcare investments. Glenview has built up a large position in CVS that represents about $700 million of Robbins’ $2.5 billion fund, according to ...

CVS Pharmacy logo is seen at store in Florida Keys, United States on May 7, 2024.Glenview Capital, a major CVS Health shareholder, is expected to meet with company leadership on Monday to lay out proposed fixes for the struggling business, according to people familiar with the matter, a potential precursor to an activist push.The hedge fund has established a sizable position in the company, said some of the people. Glenview invests in a variety of sectors, but its most recent regulatory filings show it hold ...

WOONSOCKET, R.I., Sept. 25, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) is actively preparing for Hurricane Helene's landfall in Florida tomorrow. The company's priority is the health and safety of its customers, members and colleagues, and it is committed to providing communities with access to the products and services they need to plan for the storm.CVS Pharmacy® is reaching out to its patients by text message, email and phone to remind them to refill and pick up prescriptions. Stores are also receiving ...

More than 7,000 workers at CVS stores across California are holding a strike vote this week after accusing the US’s largest pharmacy chain of shortchanging staff and failing to provide affordable healthcare.CVS and its union remain far apart in negotiations on a new contract. Their current union contract expired on 30 June 2024.The union said the average CVS clerk makes less than $20 an hour, and the union wants improved healthcare costs for employees, and improvements to safety and staffing.The United Food ...

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.Benzinga readers can review the latest analyst takes on their favorite stocks by visiting Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.Below are the ratings of the most accurate analysts for three high-yield ...

NEW YORK, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against CVS Health Corporation (NYSE: CVS) on behalf of long-term stockholders following a class action complaint that was filed against CVS on July 12, 2024 with a Class Period from May 3, 2023 to April 30, 2024. Our investigation concerns whether the board of directors of CVS have breached their fiduciary duties to the company. CVS is a healthcare ...

JHVEPhoto/iStock Editorial via Getty Images Introduction: An old saw for value investors is, 'First they get cheap, then they go down.' If you look at the previous articles on (NYSE:CVS) dating back over a year, that statement might keep coming to mind. This was a stock that kept coming up on value screens I'd run, but I never bit until now. The negatives that kept me out can also be seen in the more recent articles, where authors have downgraded their view or punted completely. Fundamentals were deteri ...

CVS Health (CVS) ended the recent trading session at $57.98, demonstrating a +0.78% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.65%.Coming into today, shares of the drugstore chain and pharmacy benefits manager had lost 0.05% in the past month. In that same time, the Retail-Wholesale sector gained 9.25%, while the S&P 500 gained 4.86%.Analysts and investors alike wi ...

CVS Health Corporation (CVS) recently introduced hormonal contraceptive prescribing service at CVS Pharmacy locations in Massachusetts. Under the service, a CVS pharmacist will evaluate women interested in receiving a birth control prescription and those who are clinically eligible will receive the same.With the latest launch, the company leaped toward lowering barriers that prevent women from getting the birth control they need. The initiative also helped address the disparities in contraceptive access for ...

CVS pharmacists can now evaluate patients and prescribe hormonal contraceptives WOONSOCKET, R.I., Sept. 12, 2024 /PRNewswire/ -- CVS Health® (NYSE: CVS) today announced that CVS Pharmacy® locations in Massachusetts are now offering hormonal contraceptive prescribing services. Patients interested in receiving a birth control prescription can be evaluated by a CVS pharmacist and, if clinically eligible, receive a prescription for birth control.CVS pharmacist tests patient's blood pressureCVS pharmacist consul ...