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CVS Trading Volume Plummets 50 Percent Ranking 220th as Retailer Announces Massive Store Closures
Generated by AI AgentAinvest Volume Radar
Monday, Jun 2, 2025 8:00 pm ET1min read
On June 2, 2025, CVS's trading volume was $423 million, a 50.28% decrease from the previous day, ranking 220th in the day's stock market. CVS's stock price fell by 0.69%.
CVS has announced a significant restructuring plan that includes the closure of 271 stores nationwide in 2025. This decision is part of a broader effort to streamline operations and improve efficiency. The company aims to generate more than $500 million in cost savings through this initiative. The closures will affect various states, including five locations in New York.
has not yet disclosed the specific stores that will be closed or the timeline for these closures. The company currently operates around 9,100 stores across the United States.This move by CVS comes after several years of shutting down around 900 stores, indicating a continued effort to adapt to changing market conditions and population shifts. The restructuring plan is intended to simplify the organization and enhance its overall performance. Customers and industry observers have expressed surprise at the scale of the closures, highlighting the significant impact on the retail pharmacy landscape.
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