CVS Health Stock Soars 6.42% on Raised Profit Forecast

CVS Health's stock surged 6.42% in pre-market trading on May 1, 2025, driven by a series of positive developments within the company.

CVS Health has raised its annual profit forecast following a strong performance across its various business segments. This move signals an early recovery for the company, which has been working on a turnaround strategy. The improved outlook is a result of robust earnings and operational efficiencies, which have bolstered investor confidence.

In addition to the profit forecast, CVS Health has also announced plans to lay off 55 more workers reporting to Aetna HQ in Hartford. This decision is part of the company's broader strategy to streamline operations and reduce costs, which is expected to further enhance its financial performance.