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How Will the Market React to Cigna Group (CI) Stock Getting a Neutral Rating

Friday, June 09, 2023 03:31 PM | InvestorsObserver Analysts

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How Will the Market React to Cigna Group (CI) Stock Getting a Neutral Rating

Cigna Group (CI) stock has risen 3.75% over the past week and gets a Neutral rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,neutral
Cigna Group has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on CI!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CI Stock Today?

Cigna Group (CI) stock is trading at $266.67 as of 3:19 PM on Friday, Jun 9, an increase of $2.16, or 0.82% from the previous closing price of $264.51. The stock has traded between $262.63 and $267.82 so far today. Volume today is below average. So far 604,219 shares have traded compared to average volume of 1,707,104 shares.

More About Cigna Group

Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services were greatly expanded by its 2018 merger with Express Scripts and are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 15 million medical members covered as of the end of 2020, but its services extend internationally, covering another 2 million people. Click Here to get the full Stock Report for Cigna Group stock.

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