CVS Trading Volume Surges 124% to $10.67 Billion, Ranks 58th Amid Store Closure Announcement

On April 17, 2025, CVS recorded a trading volume of $10.67 billion, marking a 124.13% increase from the previous day, placing it 58th in the day's stock market rankings. CVS shares fell 1.84%, marking the fourth consecutive day of decline, with a total decrease of 3.19% over the past four days.

CVS Health has announced that it will be closing 900 stores across the United States over the next three years. The company cited changing consumer behaviors and the shift towards 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 has also revealed plans to invest $1 billion in expanding its healthcare services. The investment will be used to open new MinuteClinics, enhance telehealth services, and improve its pharmacy benefits management offerings. The company aims to leverage its extensive network of retail locations to provide convenient and accessible healthcare services to its customers.

CVS Health has been actively expanding its healthcare services to meet the growing demand for convenient and accessible healthcare. The company has been investing in telehealth services, opening new MinuteClinics, and enhancing its pharmacy benefits management offerings. These initiatives are part of a broader strategy to position CVS Health as a leading provider of healthcare services in the United States.