CVS stock spikes with news that Amazon will stay away from shipping drugs

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CVS Health stock spiked on Monday, with news that Amazon wouldn’t be shipping drugs. The company's stock price (NYSE: CVS) was up over 6 percent Monday afternoon to $67.62 a share. CNBC reported Monday that Amazon shelved plans to sell and distribute pharmaceutical products through Amazon Business, which is a market for business customers, largely because it would be too difficult to sell in bulk and a logistical nightmare to deliver the product. Instead, Amazon will focus on shipping medical…
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CVS stock spikes with news that Amazon will stay away from shipping drugs

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