CVS Health corporation or NYSE: CVS is an American health care company that owns a pharmacy chain – CVS Pharmacy, pharmacy benefits manager – Aetna, and also provides healthcare insurance. Headquartered in Woonsocket, Rhode Island, the company was founded in 1963 by three men – Stanley and Sidney Goldstein and Ralph Hogland. This venture started as a health and beauty aid stored but later on added pharmacies to its list. To make expansion possible, the company entered into a partnership with Melville Corporation that manages several retail businesses.
As the health corporation in the 1980s and 90s, CVS separated from Melville Corporation in 1996 and entered New York Stock Exchange as NYSE: CVS at https://www.webull.com/quote/nyse-cvs. Some of the services covered by the company are benefit management services, retail clinics, mail order, retail and specialty pharmacy, disease management programs, and retail clinics.
Sector-wise performance of NYSE: CVS
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