Friday, May 27, 2011

Stocks In Focus: PCS, CVS, MHS

MetroPCS Communications Inc. (NYSE: PCS) surged more than 9% in Friday's pre-market trading after lawmakers questioned whether AT&T Inc.’s (NYSE: T) proposed acquisition of T-Mobile USA would benefit consumers. In California, state regulators moved Thursday to begin a probe of the controversial deal.

CVS Caremark (NYSE: CVS) rallied more than 3% in Friday's pre-market trading after the company confirmed that it has been awarded a three-year contract to provide integrated pharmacy benefit services for the Blue Cross and Blue Shield Government-wide Service Benefit Plan, also known as the Federal Employee Program.

Medco Health Solutions Inc (NYSE: MHS) slumped more than 11% after the company said that it was notified that the Blue Cross Blue Shield Association plans to move a $3 billion annual contract to another provider by 2012.

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