CVS Stock Plummets as It Replaces CEO
CVS Health(CVS) Investopedia·2024-10-18 11:35Key TakeawaysShares of CVS Health fell sharply Friday morning following the announcement that it is replacing CEO Karen Lynch.Company veteran David Joyner is taking over the top job effective immediately, CVS announced Friday.The pharmacy and healthcare company also gave lower-than-expected profit projections for the third quarter. CVS is scheduled to report earnings next month. CVS Health (CVS) stock tumbled 10% Friday morning after the pharmacy and healthcare giant announced the replacement of Chief Execu ...