Company newsCVS
Explain this story: Why Is Cardinal Health and McKesson Stock Trading Higher Today - CVS Health (NYSE:CVS), McKesson (NYSE:MC
Cardinal Health (NYSE: CAH) and McKesson Corporation (NYSE: MCK) both saw their stock trading higher after extending their pharmaceutical distribution agreements with CVS Health (NYSE: CVS) through June 2032. Cardinal Health reaffirmed its fiscal year 2027 adjusted earnings growth guidance and long-term EPS growth rate, while McKesson reiterated its fiscal 2027 adjusted earnings outlook and long-term EPS growth rate. This comes as Aetna, a CVS Health subsidiary, expands its prior authorization bundles for cancer treatments.
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Cardinal Health (NYSE: CAH) and McKesson Corporation (NYSE: MCK) both saw their stock trading higher after extending their pharmaceutical distribution agreements with CVS Health (NYSE: CVS) through June 2032. Cardinal Health reaffirmed its fiscal year 2027 adjusted earnings growth guidance and long-term EPS growth rate, while McKesson reiterated its fiscal 2027 adjusted earnings outlook and long-term EPS growth rate. This comes as Aetna, a CVS Health subsidiary, expands its prior authorization bundles for cancer treatments.
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Published Oct 1, 2026, 11:59 ET · on this site +1h 18m