Breakup Blues: CVS Stock Suffers a 12% Drop -- WSJ
Dow Jones2026/11/04 18:48By WSJ Staff
Shares of CVS Health are suffering their worst decline since January after the company said it would split in two, reversing one of the signature deals of recent years in the health-care industry.
The stock recently was 12% lower, which would be its sharpest fall since Jan. 27, when it fell 14%.
Under CVS's new plans, one company will house its insurance giant Aetna and its pharmacy-benefit manager Caremark, while the other would get the 9,000 CVS retail pharmacies.
The breakup, planned for early 2028, comes a decade after the near-$70 billion merger that knit together Aetna and CVS.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
November 04, 2026 13:48 ET (18:48 GMT)
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