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CVS LOSS ALERT: ROSEN, A trusted and leading law firm, encourages investors in CVS Health Corporation to inquire about its securities class action investigation

NEW YORK, May 11, 2024 /PRNewswire/ —

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of shareholders of CVS Health Corporation (NYSE: CVS) arising from allegations that CVS may have disclosed materially misleading business information to the investing public.

SO WHAT: If you purchased CVS securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=24975 or call Phillip Kim, Esq. toll free at 866-767-3653 or email (email protected) for information about the class action lawsuit.

WHAT IS THIS ABOUT: At May 1, 2024Before the market closed, CVS issued a Current Report on Form 8-K announcing its first quarter 2024 results and revising its full-year 2024 guidance. CVS reported, among other things $88.4 billion in sales, lack of expectations 89 billion dollars. The company said higher utilization of health care services, meaning more insurance money being spent, weighed on its results, in addition to cuts in Medicare reimbursement rates that will also pressure CVS for the rest of the year. The revised full-year 2024 guidance included a “(newly) revised GAAP diluted earnings per share guidance to at least $5.64 of at least $7.06“; “(he) changed adjusted EPS forecast to at least $7.00 of at least $8.30“; and “(r)revised cash flow from operations to at least $10.5 billion of at least $12.0 billion“.

On this news, CVS’s stock price fell $11.40 per share, or 16.8%, to close $56.31 per share May 1, 2024.

WHY ROSEN LAW: We encourage investors to select qualified advisors who have a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or significant peer recognition. Many of these firms do not conduct securities class actions. Be wise when choosing your advisor. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest settlement ever in a securities class action lawsuit against a Chinese company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services in 2017 for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. Founding partner in 2020 Laurence Rosen was named a Titan of Plaintiffs’ Bar by law360. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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Contact information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, PA
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
(email protected)
www.rosenlegal.com

SOURCE: THE ROSEN LAW FIRM, PA