Democrats and Corporate Insiders are Buying These 5 Stocks

This article presents an overview of Democrats and Corporate Insiders are Buying These 5 Stocks. For a detailed overview of such stocks read our article, Democrats and Corporate Insiders are Buying These 10 Stocks.

5. CVS Health Corp (NYSE:CVS)

Unusual Whales Democratic ETF (NANC) Stake: $149,195.25

CVS Health Corp (NYSE:CVS) is part of the Unusual Whales Democratic ETF since the fund owns 2,139.00 of CVS Health Corp (NYSE:CVS). CVS saw corporate insider buying activity on November 3 last year when  Edward J. Ludwig, a director at CVS Health Corp (NYSE:CVS), piled into 2,000 of CVS Health Corp (NYSE:CVS) at $70.47 per share. Since then the stock has lost about 0.7% in value.

As of the end of the fourth quarter of 2023, 67 hedge funds out of the 933 funds tracked by Insider Monkey were long CVS Health Corp (NYSE:CVS).

ClearBridge Sustainability Leaders Strategy made the following comment about CVS Health Corporation (NYSE:CVS) in its Q3 2023 investor letter:

“Other health care holdings such as managed care company UnitedHealth Group and health care services company CVS Health Corporation (NYSE:CVS) were also rewarded in the third quarter. CVS, though a marginal contributor, has been weighed down in 2023 by an acquisition deal for Oak Street Health, an increase in medical benefits costs and a decline in the company’s overall Medicare Advantage star rating, but recent operational improvements suggest progress in its transition from a retailer to a diversified health care services company. Oak Street Health is a potential foundational asset for CVS’s retail primary care strategy, and we are positive on the company’s long-term prospects.”