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How has CVS Pharmacy's stock value fluctuated over time?

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Quick Answer

CVS Health Corporation, trading under ticker symbol CVS, traded slightly more than $10 per share in December 1996 and more than $96 per share in September 2015, according to Yahoo! Finance. The stock price nearly quadrupled between 2010 and 2015.

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Full Answer

CVS's stock price rose from its 1996 price near $10 to more than $30 in December 2006, according to Yahoo! Finance. The stock price dipped back to around $25 per share during early 2009 and then rose slowly through 2011. Share prices jumped precipitously through 2015, reaching an all-time high of more than $112 per share in July 2015. As of September 2015, the company is valued at more than $107 billion. Analysts for Yahoo! predict that CVS' price will rise, estimating the stock's price at $120.45 in the 12 months following September 2015.

CVS began trading as a stand-alone public company in November 1996 after merging with Melville Corporation, according to CVSHealth. The stock is listed on the New York Stock Exchange, and the company pays its shareholders quarterly dividends at a rate of 35 cents per share as of 2015. CVS opened its first Consumer Value Store in 1963 and rapidly expanded to 100 stores by 1970 and 750 stores in 1988. Along with traditional pharmacies, CVS operates a mail-order pharmacy and a series of health care centers in the retail setting, called MinuteClinics.

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