Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why CVS Health Dropped Today

TheMotleyFool

0 0

Shares of CVS Health (NYSE: CVS) fell as much as 5% on Monday. The drop is most likely linked to the news that presidential hopeful Bernie Sanders won Nevada's Democratic caucus on Saturday. Part of the fall is also likely linked to the general market weakness surrounding the spread of COVID-19 (the illness caused by a novel coronavirus).

Traders sold off shares of many health insurance stocks on Monday, including UnitedHealth Group, Centene, Cigna, and Humana. CVS Health was also sold off hard because it purchased health insurance giant Aetna a few years ago.

Image source: Getty Images.

Source Fool.com

Like: 0

CVS

Share