CVS Health stock is historically a losing bet this month
Volatility is plaguing Wall Street in light of President Donald Trump's tariffs. Regardless of what's up next, traders can take advantage of Schaeffer’s Senior Quantitative Analyst Rocky White's list of 25 worst S&P 500 Index (SPX) stocks for February to know which stocks to avoid over the coming weeks. CVS Health Corp (NYSE:CVS) is among them, and warrants a closer look.
According to White, CVS averaged a 4.3% loss in February in the last decade, settling higher only three times during that period. The stock was last seen down 0.4% to trade at $56.28, indicating a drop of similar magnitude would place it closer to the $53 region.
CVS Health stock has been attempting to distance itself from a Dec. 23, roughly 12-year low of $44.38. The equity's latest rally lost steam before conquering $58, though, and today's losses could bring about a fourth consecutive negative session. Shares are also struggling with pressure from the 200-day moving average, and carry a 23.1% year-over-year deficit.
Short-term options traders are already bearish toward CVS. This is per the security's Schaeffer's put/call open interest ratio (SOIR), which ranks higher than 86% of annual readings.