CVS Health Corp Sharply Lower Following Q3 Report

CVS Health Corp CVS shares are trading lower by $4.80 at $99 in Friday's session.

The Street is not rewarding the company for inline earnings and slightly better revenue than expected.

After a lower open ($99.59 vs. Thursday's close at $103.80), it managed a brief rally to $100.24 before plummeting to $96.40. That marks the lowest level for the issue since it bottomed on October 2. Since making the low, it rallied back into the $99 handle.

Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.

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