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In July 2022, GameStop — the fairy-tale stock at the center of history’s greatest short squeeze — announced a 4-for-1 stock split. That’s just one of many tech-related splits that have ...
Stock market today: Asian stocks are mixed ahead of key US inflation data Asian stocks were mixed on Wednesday after U.S. indexes drifted lower on Tuesday ahead of an update on U.S. consumer ...
Aetna Inc. (/ ˈ ɛ t n ə / ET-nə) is an American managed health care company that sells traditional and consumer directed health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans, primarily through employer-paid (fully or partly) insurance and benefit programs, and through Medicare.
Aetna enters a new phase in its history as it becomes a part of CVS (NYSE:CVS). Investors want to know how this dynamic will affect CVS stock. The dynamics that have brought Aetna and CVS together ...
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
In 1989, Federated management purchased Aetna's stake for $345 million, reestablishing majority control of the company. [4] In 1996, Federated management paid $100 million to acquire the remaining 25% stock ownership still held by Aetna. [5] Federated completed an initial public offering on the NYSE on May 14, 1998. [6]
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CVS’s stock price has dropped by more than 20% this year amid Medicare challenges within Aetna as medical costs increased, and on top of that, there was potential activist investor action.