Shares of health insurers are trading lower in sympathy with UnitedHealth, which reported Q3 financial results and lowered the upper end range of annual EPS outlook.
Portfolio Pulse from Benzinga Newsdesk
UnitedHealth reported Q3 financial results and lowered the upper end of its annual EPS outlook, causing shares of health insurers to trade lower.
October 15, 2024 | 1:18 pm
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NEGATIVE IMPACT
Cigna's stock is trading lower in sympathy with UnitedHealth's reduced EPS outlook.
Cigna, as a peer in the health insurance sector, is affected by UnitedHealth's outlook, leading to a sympathetic decline in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Centene's stock is affected by UnitedHealth's lowered EPS outlook, trading lower.
As a health insurer, Centene's stock is influenced by sector trends, including UnitedHealth's outlook, resulting in a decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
CVS Health's stock is trading lower in response to UnitedHealth's EPS outlook cut.
CVS Health, involved in health insurance, is impacted by UnitedHealth's outlook, leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Elevance Health's stock is trading lower due to UnitedHealth's reduced EPS outlook.
Elevance Health, as a peer in the sector, is affected by UnitedHealth's outlook, causing its stock to trade lower.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Humana's stock is trading lower in sympathy with UnitedHealth's EPS outlook reduction.
Humana, as a health insurer, is influenced by UnitedHealth's outlook, leading to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Molina Healthcare's stock is trading lower following UnitedHealth's EPS outlook cut.
Molina Healthcare, as part of the health insurance sector, is affected by UnitedHealth's outlook, resulting in a stock price decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
UnitedHealth reported Q3 financial results and lowered the upper end of its annual EPS outlook, negatively impacting its stock price.
The direct report of Q3 results and the adjustment of the EPS outlook are significant factors that typically lead to stock price movements. The negative adjustment suggests potential challenges, leading to a likely decrease in stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100