Humana Inc. (HUM) was a big mover last session, as the company saw its shares rise more than 20% on the day. Shares moved up on reports that the company is mulling a takeover and is in talks with insurers such as Aetna Inc. (AET) and Cigna Corp who could be its potential buyers. This led to solid volume too with far more shares changing hands than in a normal session. This continues the recent trend for the company as the stock is now up 27.73% in the past one-month time frame.
This Med-HMO stock witnessed four negative estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
Humana has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
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