CVS Health Posts Upbeat Profits, Cuts Forecast

CVS Health Corp (NYSE:CVS) stock is on the rise today, after better-than-expected fourth-quarter earnings of $2.12 per share and despite the healthcare giant's disappointing 2024 forecast. The company lowered its guidance as medical procedures among older patients increased, fueling costs in the insurance business. At last glance, CVS was up 2.5% at $75.63, earlier as high as $77.40 at this morning's peak. The stock is breaking above its 20-day moving average today, though its 320-day trendline appears to b ...