CVS Trading Volume Surges 49.72% to $353 Million, Ranks 276th in Daily Volume

On June 10, 2025, CVS's trading volume reached $353 million, marking a 49.72% increase from the previous day. This surge placed CVS at the 276th position in terms of trading volume for the day. The stock price of CVS rose by 0.63%, marking the third consecutive day of gains, with a total increase of 1.87% over the past three days.

CVS has announced plans to close 270 stores this year, a move that is part of a broader trend of retail pharmacy closures. The closures are expected to lead to a significant increase in retail layoffs, with CVS being one of the major retailers affected. The company's strategy involves replacing these larger stores with smaller ones, approximately 5,000 square feet or less, although only a dozen such locations are planned. This shift means that many areas will lose access to their local CVS pharmacy.

The trend of pharmacy closures has been ongoing, with nearly 30% of retail pharmacies shutting down between 2010 and 2020. CVS's decision to close 270 stores this year is part of this broader trend, which includes efforts to turn around the business and, in some cases, bankruptcy filings. The closures are not solely due to recent economic policies but are part of a longer-term struggle faced by many retail businesses.