Previous close | 1.61 |
Open | 8.03 |
Bid | 6.20 |
Ask | 8.10 |
Strike | 62.50 |
Expiry date | 2024-08-16 |
Day's range | 7.00 - 8.70 |
Contract range | N/A |
Volume | |
Open interest | 705 |
CVS warns it could cede Medicare Advantage market share as reimbursement rates pressure the company.
Shares of CVS Health (CVS) are falling during Wednesday's trading session after the company revised its full-year guidance downward, citing mounting pressure from rising medical costs. The adjustment to the company's guidance comes on the heels of CVS's weaker-than-expected first quarter results, which missed estimates for both revenue and earnings. Yahoo Finance's Anjalee Khemlani breaks down the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, but indicated that its next move will probably be to cut rates. The S&P 500 and the Nasdaq ended lower while the Dow Jones Industrial Average notched a modest gain. The Federal Open Markets Committee (FOMC) concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.