10 Firms Dominate Monday Upsurge

7. CVS Health Corp. (NYSE:CVS)

Shares of CVS Health (CVS) rose by 7.31 percent on Monday to close at $51.52 apiece as investors snapped up stocks in the company ahead of a quarterly dividend distribution.

Earlier this month, CVS Health said that its board of directors gave the green light for a quarterly dividend of 66 cents for each of the corporation’s common stocks. The dividend is payable on February 3, 2025, to holders of record on January 23, 2025.

In other news, CVS share prices rose over expectations that the ongoing wildfire in Los Angeles could lead to an increase in healthcare-related needs, including medical services, healthcare supplies, and pharmaceuticals. According to data, CVS Health has more than 1,000 pharmacies in California.

As of press time, the fire resulted in thousands of people injured, 24 deaths, and $250 billion in economic damages.