Monday, July 15, 2019 12:34:19 PM
In 2019, all of the leading managed health care stocks have been very volatile. Political pressure from both sides of the aisle have been the catalyst for the excessive whipsaw in this industry group. Stocks such as Humana Inc (NYSE:HUM), Cigna Corp (NYSE:CI), UnitedHealth Group Inc (NYSE:UNH) and others have been very susceptible to political news on a daily basis. Last week, the sector rallied sharply higher after the White House abandoned its plan to eliminate rebates from government drug plans. Unfortunately, these stocks are pulling back today after Presidential candidate Joe Biden proposes a public option for health insurance for anyone who wants it and will give power to Medicare to negotiate drug prices.
Last week, the managed health care stocks all broke out on a technical basis. Humana Inc (NYSE:HUM) is one stock that should have more upside despite today's pullback. Today, HUM stock is falling by $4.48 to $286.77 a share. Traders and investors should now watch and see if this stock can consolidate on the charts as last week's break-out pattern suggests a move back up to the $310.00 level. This major resistance level is where the stock sold off in late February 2019. I will be be keeping this leading heath care stock on my radar for a bullish pattern development.
Nick Santiago
InTheMoneyStocks
Recent HUM News
- AREX Capital Expresses Disappointment in Enhabit’s Strategic Review Conclusion • GlobeNewswire Inc. • 05/09/2024 01:15:54 PM
- Humana Inc. to Present at B of A Securities Health Care Conference 2024 • Business Wire • 05/02/2024 08:15:00 PM
- Humana Healthy Horizons Commits $500K to Improve Health of Louisianians • Business Wire • 04/25/2024 03:20:00 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- Humana Reports First Quarter 2024 Financial Results; Affirms Full Year Adjusted 2024 Financial Guidance • Business Wire • 04/24/2024 10:30:00 AM
- Cohere Health and Humana Expand Prior Authorization Partnership, Adding Diagnostic Imaging and Sleep Services • PR Newswire (US) • 04/23/2024 01:00:00 PM
- Humana Board Declares Payment of Quarterly Dividend to Stockholders • Business Wire • 04/18/2024 10:30:00 AM
- Humana Inc. to Release First Quarter 2024 Results on April 24, 2024 • Business Wire • 04/08/2024 08:15:00 PM
- Humana Focuses on Reducing Health Disparities and Making Healthy Living Possible for All • Business Wire • 04/08/2024 01:00:00 PM
- Humana Healthy Horizons – Ohio partners with CPESN® USA to expand access to pharmacists • Business Wire • 04/02/2024 01:40:00 PM
- Humana and DUOS Launch Groundbreaking Initiative Enhancing Care for U.S. Veteran Seniors • Business Wire • 03/20/2024 01:10:00 PM
- Humana Completes Aggregate $2.25 Billion Debt Offering • Business Wire • 03/13/2024 09:15:00 PM
- AM Best Assigns Issue Credit Ratings to Humana Inc.’s New Senior Unsecured Notes and New Shelf Registrations • Business Wire • 03/13/2024 08:47:00 PM
- Humana Prices $2.25 Billion Debt Offering • Business Wire • 03/12/2024 12:21:00 AM
- Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses • Edgar (US Regulatory) • 03/11/2024 09:05:30 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 03/11/2024 12:10:29 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/08/2024 12:38:37 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/08/2024 12:32:56 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/08/2024 12:31:21 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 03/07/2024 09:14:39 PM
- Humana and Strive Health Announce Expansion of Holistic, Patient-Centered Care for People with Kidney Disease • Business Wire • 03/05/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/05/2024 12:30:15 PM
- Humana Announces Strategic Partnership with Veda to Improve Accuracy of Provider Directories • Business Wire • 02/26/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:15:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 07:29:30 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM