Ann: Quarterly Activities and Cash Flow Report, page-10

Since you are asking, try this definition of strap hanger from the Urban Dictionary: "A paratrooper that is not listed on an approved jump manifest, and is trying to get a jump on stand-by."

In other words, investors are leaping out by one means or another. Who can blame them, given the financial position of CVS.

As for waiting for the spike, I suggest they are trying to get out of the clutches of the Iron Maiden.

https://en.wikipedia.org/wiki/Iron_maiden

At this moment there are 4 buyers for 820,249 CVS shares and 11 sellers for 23,333,121 shares.

That's a rare imbalance.

Wat U tink?