CVS Stock Tanks 27.5% Year to Date: Time to Buy the Dip?

CVS Health (CVS) stock closed at $57.24 on Monday, quite near to its 52-week low of$52.77. The stock has plunged 27.5% year to date, demonstrating the underlying challenges of the retail pharmacy industry. Investors’ sentiment continues to be bearish in spite of the company delivering second-quarter 2024 earnings surprise and recording margin expansion last month.However, this PBM and pharmacy retail powerhouse has outperformed the broader Retail Pharmacy and Drug Store industry, which plunged 35.1% during ...