Health Net, Inc. (HNT) was a big mover last session, as the company saw its shares rise slightly over 10% on the day. The rise was led by market rumors that hinted at the possible acquisition of the company by Centene Corp. (CNC) for $6.8 billion. This led to solid volume with far more shares changing hands than in a normal session. With this, the recent uptrend for the company continues, as the stock is now up 17.1% in the last one month.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Health Net currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
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