Notable News Spotlight: CVS Health Corporation (NYSE:CVS)

CVS Health Corporation (CVS Health,NYSE:CVS) spotted trading -31.51% off 52-week high price. On the other end, the stock has been noted 8.78% away from the low price over the last 52-weeks. The stock changed 1.30% to recent value of $56.26. The stock transacted 4932519 shares during most recent day however it has an average volume of 8925.94K shares. The company has 1298M of outstanding shares and 1296.76M shares were floated in the market.  

 On Aug. 15, 2019, CVS Health Corporation (CVS Health,NYSE:CVS) disclosed the results of the previously announced cash tender offers (the Any and All Tender Offers and each an Any and All Tender Offer) for (1) any and all of its 3.125% Senior Notes due 2020 (the 2020 Any and All Notes) and (2) any and all of its 4.125% Senior Notes due 2021, the 4.125% Senior Notes due 2021 issued by its wholly-owned subsidiary, Aetna Inc. (Aetna) and the 5.450% Senior Notes due 2021 issued by Coventry Health Care, a wholly-owned subsidiary of Aetna (collectively, the 2021 Any and All Notes and together with the 2020 Any and All Notes, the Any and All Notes).

As of 5:00 p.m., New York City time, on August 14, 2019 (the Any and All Expiration Date) as reported by D.F. King & Co., the Tender and Information Agent for the Any and All Tender Offers, the principal amounts of the Any and All Notes listed in the tables below have been validly tendered and not validly withdrawn, or tendered pursuant to the guaranteed delivery procedures (the Guaranteed Delivery Procedures) described in the Offer to Purchase dated August 8, 2019 (as amended or supplemented from time to time, the Offer to Purchase). In order to be eligible to participate in the Any and All Tender Offers, holders (individually, a Holder and collectively, the Holders) of Any and All Notes tendered pursuant to the Guaranteed Delivery Procedures at or prior to the Any and All Expiration Date must deliver such Any and All Notes to CVS Health at or prior to 5:00 p.m., New York City time, on August 16, 2019 (the Guaranteed Delivery Deadline).

In addition to the Any and All Tender Offers, CVS Health previously announced its Maximum Tender Offers (as defined in the Offer to Purchase) for the Maximum Tender Offer Notes (as defined in the Offer to Purchase) concurrently with the Any and All Tender Offers. The 2020 Notes Maximum Tender Offer Amount (as defined in the Offer to Purchase) is up to $2,000,000,000 less the aggregate principal amount of 2020 Any and All Notes accepted for purchase and the 2021 Notes Maximum Tender Offer Amount (as defined in the Offer to Purchase) is up to $2,000,000,000 less the aggregate principal amount of 2021 Any and All Notes accepted for purchase. Because $7,530,000 aggregate principal amount of 2020 Any and All Notes and $4,905,000 aggregate principal amount of 2021 Any and All Notes remain subject to the Guaranteed Delivery Procedures, the 2020 Notes Maximum Tender Offer Amount and 2021 Notes Maximum Tender Offer Amount are subject to change and will be confirmed after expiration of guaranteed deliveries at the Guaranteed Delivery Deadline. Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Maximum Tender Offers.

 Its earnings per share (EPS) expected to touch remained -113.40% for this year while earning per share for the next 5-years is expected to reach at 3.48%. CVS has a gross margin of 26.40% and an operating margin of 2.30% while its profit margin remained -0.10% for the last 12 months. 

 According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.62% from the mean of 20 days, 3.14% from mean of 50 days SMA and performed -9.61% from mean of 200 days price. Company’s performance for the week was 1.41%, 2.78% for month and YTD performance remained -14.13%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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