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Sachem Capital Corp. after-hours declines 2.07% due to securities fraud lawsuit allegations.
ByAinvest
Friday, Aug 23, 2024 7:19 pm ET1min read
Sachem Capital Corp. experienced a decline of 2.07% in after-hours trading. The primary reason for the drop can be attributed to the negative news event regarding a securities fraud class action lawsuit filed against CVS Health Corporation, alleging that the company misled investors about medical cost trends and forecasts. This development raised concerns among investors, resulting in the stock's downward movement. The unrelated positive news about Aetna's community investment to support unhoused individuals does not seem to have a significant impact on Sachem Capital's performance.
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