After Amazon announced it was buying PillPack for $1 billion, the CVS stock price dropped 8% in a week.
CVS Stock News
You Can Profit 328% from CVS Stock Without Buying a Single Share
Earlier this month, CVS Health Corp. announced its $69 billion plan to acquire Aetna Inc., the third-largest health insurer in the United States. If successful, it will be the largest deal of the year – and the largest ever in the health insurance history.
CVS stock has been in focus after the deal, as it's up almost 9% in the last six weeks.
Why I'm Excited About the $70 Billion CVS-Aetna Deal
If you were decorating for the holidays or glued to NFL games last weekend, you might have missed some massive news: CVS Health Corp. announced it'd buy Aetna Inc. for a cool $70 billion.
Of course, the deal had been discussed as a possibility for weeks, but it's finalized now – it looks for all the world like it's going to happen.
In the press release announcing the deal, CVS Health President and Chief Executive Officer Larry J. Merlo said, "This combination brings together the expertise of two great companies to remake the consumer healthcare experience. With the analytics of Aetna and CVS Health's human touch, we will create a healthcare platform built around individuals."
That's putting it mildly. And, in a turn I find completely unsurprising, Wall Street is downplaying and even dismissing the deal.
I think that's a huge disservice to the public. Because I think this deal is one of 2017's biggest.
It's going to be transformational... and a potential goldmine.