In 1963, CVS created its first store selling beauty & health products. it was established in Massachusetts by brothers Sidney Goldstein, Stanley, and business partner, Ralph Hoagland. In 1964, the chain went up to 17 stores. CVS sold to Melville Corporation.
CVS stores got up to 100 in 1970 with office buildings in the Northeast and New England and in 1987, Stanley Goldstein took over as CEO and chairman of Melville Corporation.
CVS almost doubled in number after buying 84 Clinton drug and Clinton stores. They also acquired the 36-store Mack Drug chain based in New Jersey.
CVS stock price
The stock price of CVS (consumer value stores) is set at 69.13 US dollars and drops by 0.72%. It opens at 69.74 and has a market high of 69.79 and a market low of 68.87. The market capital stands at 90.38 billion dollars, a P/E ratio of 11.40, dividend yield at 22.90%, buy set at 69.09×800, and sell at 69.09×1100. Its volume based on findings is 5,047,623 with an average volume of 8,753,153.
The stock’s target estimate for one year is 82.00
CVS urgent care
CVS MinuteClinic works the same way an emergency room or urgent care center would do, though the services might vary. It is a walk-into clinic that is 40 percent less the expenses of urgent care, providing health screenings, treatments, Covid-19 testing, free flu shot, diagnose and treat common ailments, administer vaccines, provide recommendations and patient education.
>> you can also check out CVS Weekly Ad for this week
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>>Related: Rite Aid