CVS Health (CVS) shares rose Monday on a report that major investor hedge fund Glenview Capital Management was planning to hold a meeting today with executives of the pharmacy and health care firm about making changes to its operations.
Hedge fund mogul Larry Robbins will meet with executives at struggling drugstore chain CVS on Monday to present a turnaround plan that the Glenview Capital founder hopes will improve the firm's operations, according to a report.
Gathering signals potential changes to improve shareholder value after the company's weak stock performance.
Glenview Capital Management will meet with top CVS executives to exchange ideas on how to make improvements at the healthcare company, according to a report from The Wall Street Journal.
Glenview Capital has amassed a sizable stake in CVS Health and plans to meet with the company's top executives to lay out its plan for value creation, according to people familiar with the matter. The proposal is seen as a precursor to an activist push at the company, the people said.
The hedge fund has taken a large position in the healthcare company, which has seen its shares fall 24% this year to date
Healthcare-focused Glenview Capital Management has established a large position in CVS Health and will meet top executives at the struggling healthcare company on Monday to propose ways it can improve its operations, The Wall Street Journal reported on Sunday.
CVS Health (CVS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the closing of the recent trading day, CVS Health (CVS) stood at $58.64, denoting a +0.96% change from the preceding trading day.
More than 7,000 workers to hold strike vote this week amid accusations of staff shortages and expensive healthcare
CVS Health's Medicare Advantage business has been encountering headwinds. The market also isn't impressed with the company's financial results and guidance.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.