“...They are doing this for their own employees....”
Correct. Everyone thinks they’re doing it for ALL of society and public for no profit...they’re not. It’s just for their employees. Drug store stocks, like CVS, Rite-Aid, etc. are all taking a hit in the market, but once everyone figures out that it’s just for their employees, it will settle out. Now, IF they bought out Rite-Aid, that’s a different deal. They would then have “brick & mortar” outlets, on-line outlets, etc....yeah, that would be a BIG deal.
The market may also be anticipating other companies doing the same thing.