How did CVS's earnings surprises affect its stock price?

CVS's earnings beat expectations had a mixed impact on its stock price. While the 3-day win rate was high at 58.82%, indicating positive short-term gains, the 10-day and 30-day win rates were lower at 41.18% and 52.94%, respectively. This suggests that while CVS's stock price often rose in the immediate aftermath of earnings beats, these gains were not consistently sustained in the longer term. The maximum return observed following an earnings beat was 5.07%, which occurred on day 67 after the earnings release. This indicates that while there was potential for significant price appreciation, investors were cautious and did not always capitalize on the positive news.