CVS Trading Volume Surges 120.43% to $741 Million, Ranks 141st Despite Share Decline

On July 24, 2025, CVS recorded a trading volume of $741 million, marking a 120.43% increase from the previous day, placing it at the 141st position in the day's stock market rankings. CVS shares fell by 5.01%.

CVS Health Corp. has announced that it will be closing 900 stores across the United States. The company cited a shift in consumer behavior and the increasing popularity of online shopping as the primary reasons for the closures. This decision is part of a broader strategy to optimize its retail footprint and focus on high-growth areas such as healthcare services and pharmacy benefits management.

CVS Health Corp. has also revealed plans to invest $1 billion in expanding its healthcare services. The investment will be used to enhance its telehealth offerings, open new MinuteClinics, and improve its pharmacy benefits management services. The company aims to leverage its extensive network of retail locations and healthcare professionals to provide more comprehensive and convenient healthcare solutions to its customers.

CVS Health Corp. has reported strong earnings for the second quarter of 2025. The company's revenue increased by 8% year-over-year, driven by robust growth in its pharmacy benefits management segment. The company's adjusted earnings per share also exceeded analysts' expectations, reflecting its successful cost management strategies and operational efficiencies.