Home Options Trading Advantage Options – Shares of CVS Health Corp Volatile on Amazon...

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Shares of CVS Health Corp (CVS) were volatile in trading on Monday after is was reported that Amazon’s pharmacy licenses were not intended to be used to move the company into the distribution of prescription drugs, but rather into the sale of other health related products, such as medical devices. Previously, the markets were under the impression that Amazon intended to become a direct competitor to CVS in the drug distribution business.  However, many still expect that Amazon will eventually move into this space once it has established a foothold in the overall healthcare industry. CVS shares spiked as high as over 73.00 per share before settling down at 71.48, up +0.17% for the session. Keep an eye on the stock for further developments.

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