Reported about 13 hours ago
Billionaire Israel Englander significantly increased his holdings in CVS Health by 724% in Q3 2024, despite the stock's recent struggles and a declining share price. While CVS Health offers an attractive 4.62% forward dividend yield and is a leading player in the healthcare sector, its performance has not met expectations, leading to leadership changes and increased competition from companies like Amazon. Investors are advised to wait for clearer signs of improvement before diving into CVS stock.
Source: YAHOO