AS A PROPOSED TAX ON pharmacy benefit managers was cut from the Senate’s new health-care bill, a weight was lifted off shares of CVS Caremark (ticker: CVS). The company could fare well as it assists in managing burgeoning health-care costs, and now a recently hired division president is bullish, buying $1.5 million in shares.
Per G.H. Lofberg, president of the pharmacy benefit management business, bought 45,483 shares for an average price of $32.98 on Jan. 4. Apart from restricted shares that Lofberg owns, the recent purchase represents his only holdings …
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