Why CVS Health Stock Is Trading Higher

CVS Health Corp CVS shares are trading higher by 4.41% to $69.59 as health insurance stocks rebound after declining on Wednesday following UnitedHealth Group Inc's UNH mention of rising volumes of non-urgent surgeries, which raised concerns about potential cost increases for insurers.

During a Goldman Sachs healthcare conference, Tim Noel, CEO of UnitedHealth's Medicare and retirement business, highlighted increased demand for outpatient procedures among Medicare patients, as reported by Reuters...Read More

According to data from Benzinga Pro, CVS has a 52-week high of $107.26 and a 52-week low of $66.34.