CVS Continues To Crater
Good evening. Welcome to Trends with No Friends.
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets were muted.
The Dow was the only positive major index. The Russell 2000 tumbled -0.45%.
Utilities and financials gained approx. +0.40%. Real estate fell another -1.72%. Basic materials dropped -1.08%. Energy, healthcare and consumer staples stumbled approx. -0.77%.
New 52-Week Lows led New Highs — 165 vs. 12.
THE WORST OF THE WORST
CVS Health ($CVS) is the Worst of the Worst. The retail pharmacy fell -3.29% and closed at its second lowest price since October 2013.
Here’s the daily chart.
And monthly chart.
THE BEST OF THE BEST
Grid Dynamics ($GDYN) is the Best of the Best. The digital consulting company carried +5.70% and closed at its highest price since September 2022.
Here’s the daily chart.
And weekly chart.
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