Likely Volume Surge: HMO/Insurers (UNH, WLP, AET, CI, HUM, CVH)
Posted in pre-market by: adminUnitedHealth Group (NYSE:UNH) lowered guidance and is set to challenge both its daily volume early on and its 52-week lows. Shares closed at $25.63 yesterday and are indicated down around $25.03 on about 24,000 shares as of 7:30 AM EST.
The 52-week trading range is $29.59 to $59.46, and we normally see about 12.4 million shares trade hands.
We’d be watching for downward bias as well initially on its other key competitors, although there is a caveat and that is that the forward valuations are getting dirt cheap…..
STOCK (TICKER) Price Mkt Cap
WellPoint Inc. (NYSE: WLP) $46.60 $24.52B
Aetna Inc. (NYSE: AET) $39.92 $19.35B
CIGNA Corp. (NYSE: CI) $34.95 $9.81B
Humana Inc. (NYSE: HUM) $40.07 $6.78B
Coventry (NYSE: CVH) $30.30 $4.60B
Jon C. Ogg
July 2, 2008
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