Cigna Corporation stock price

Cigna Corporation latest news:


  • 09/22/2017 12:25:44

    Health care stocks spike higher after McCain says 'no' to Graham-Cassidy

    Health care stocks spiked higher in afternoon trade, to erase nearly all of their earlier broad losses, after Sen. John McCain said he could not vote for the Senate bill to repeal major parts of the Affordable Care Act, also known as Obamacare. The SPDR Health Care Select Sector ETF was down just 0.1% in afternoon trade, but had been down as much as 0.5% before McCain said no. Within the ETF, shares of UnitedHealth Group Inc. were down as much as 3.6% to lead the Dow Jones Industrial Average's decliners, but bounced to be down just 1.1% post-McCain. Elsewhere, shares of Aetna Inc. and Cigna Corp. were both up 0.2%, reversing earlier losses of 1.9% for Aetna and 1.0% for Cigna.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/19/2017 13:56:47

    Health care sector falls as likelihood of ACA repeal rises; UnitedHealth's stock leads Dow losers

    The health care sector traded broadly lower Tuesday, amid concerns over the potential effects of the Graham-Cassidy bill, which some analysts say is becoming increasingly likely to repeal and replace the Affordable Care Act. The SPDR Health Care Select Sector ETF shed 0.9% in afternoon trade, with 56 of its 62 components trading lower. Among the XLV's most heavily-weighted components, UnitedHealth Group's stock dropped 1.8% to pace the Dow Jones Industrial Average's decliners. The price decline of $3.61 was shaving 25 points off the Dow, which was up 44 points. Analyst Ana Gupte at Leerink Research said the bill could lead to "greater earnings downside in the near term than previous House and Senate bills for ACA-levered stocks." Among companies that Gupte said are at particular risk, shares of Centene Corp. slumped 4.6% and Molina Healthcare Inc. gave up 6.1%. Elsewhere, shares of Aetna Inc. fell 3.4%, Humana Inc. slid 3.2%, Cigna Corp. declined 1.9% and Anthem Inc. was down 2.0%. Gupte said diversified managed care organizations (MCOs) like Humana and Cigna are more defensive, though exposure should be manageable for UnitedHealth, Aetna and Anthem. The XLV has gained 4.3% over the past three months, while the S&P 500 has tacked on 2.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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