Why Cigna Group Stock Dived Today
Monday wasn't a very good day for health insurers, and if a day's not good for health insurers you can bet Cigna Group (NYSE: CI) stock took it on the chin.
The blow came from the highest levels of government, spooking investors and driving down the stock prices of numerous healthcare-institution stocks. Cigna's share price eroded by more than 5%, on a day when the S 500 index rose by over 3.2%.
Big Healthcare as an industry was hit from two directions on Monday. The first blow came from President Trump, who in signing a new executive order denounced the pharmacy benefit managers (PBMs) that negotiate drug prices for insurers and other healthcare institutions.
Source Fool.com
Cigna Corp. Stock
€234.00
1.870%
With 41 Buy predictions and not a single Sell prediction Cigna Corp. is an absolute favorite of our community.
As a result the target price of 348 € shows a positive potential of 48.72% compared to the current price of 234.0 € for Cigna Corp..
