CVS Health Corp. stock underperforms Wednesday when compared to competitors

Shares of CVS Health Corp. CVS, -0.21% slipped 0.21% to $75.40 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.70% falling 0.70% to 3,891.93 and Dow Jones Industrial Average DJIA, -0.87% falling 0.87% to 31,874.57. This was the stock’s third consecutive day of losses. CVS Health Corp. closed $34.29 short of its 52-week high ($109.69), which the company reached on March 21st.

The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. AMZN, +1.39% rose 1.39% to $96.20, UnitedHealth Group Inc. UNH, +0.18% rose 0.18% to $465.43, and Elevance Health Inc. ELV, -0.46% fell 0.46% to $456.48. Trading volume (7.9 M) remained 1.6 million below its 50-day average volume of 9.5 M.