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Why CVS Stock Skyrocketed on Wednesday

TheMotleyFool

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Why CVS Stock Skyrocketed on WednesdayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

One of the healthier stocks in the healthcare sector on Wednesday was its retail king, CVS Health (NYSE: CVS). The company took the wraps off its first-quarter results, and investors were heartened by its performance. On the back of twin beats on key fundamentals, market players pushed CVS stock up by nearly 8% that trading day.

CVS reached nine-figure territory with that quarter's revenue, which came in slightly over $100 billion. That represented a year-over-year improvement of 6% -- fairly robust for a company as mature as this in the retail space.

Image source: Getty Images.

Source Fool.com

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