Walgreens is 78 were 71? Walgreens has been above us for a while now they didn’t used to be. I wonder if people don’t understand what CVS is trying to do of if the changes are more dramatic. With Aetna done I thought there would be a huge surge.
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The stock is so low because the investors have probably visited our nasty looking ghost town stores with ubkept, tumbleweed landscaping and parking lots and think the new company will be run the same
Why? Because Merlo took the same business courses in pharmacy school as our pharmacists did.
I study financial as well, and your brother-in-law is correct, in his assessment.
More shares floating around for cvs vs Walgreens. Shares * price = market cap. Market cap is higher for cvs. Share price doesn’t mean much in isolation. You can split the stock but that doesn’t mean it’s less valuable...
Yes that information is accurate. The judge will hear both sides and could delay the merger to get more Intel on the merger. If the American Medical Association guides him where to look, the merger will be denied. There are many things that were covered up by CVS in the deal and when and if they find them, it will get denied.
I asked my brother in law who is pretty good with all things stocks, and he thinks A lot of it is from investor fears after the announcement of the judge saying he will halt the deal for further review. He says if you go back and look at where it was announced, you can see stocks start to go down from there. There is a lot of selling of stocks that appear to be going on as well. This could be a sign that things aren’t as hunky dory as CVS claims they are with the deal. Of course this is all just speculation on his end.