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Why CVS Health Stock Gained 13% Last Month

TheMotleyFool

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Why CVS Health Stock Gained 13% Last MonthPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of CVS Health (NYSE: CVS) were climbing last month after the healthcare specialist posted strong third-quarter numbers and an activist investor revealed a stake in the company toward the end of the month. According to data from S&P Global Market Intelligence, the stock finished November up 13%.

As you can see from the chart below, the stock got a boost from its earnings report early in the month, and that momentum seemed to carry it higher for the duration of November.