Overall market sentiment has been high on Cigna Corp (CI) stock lately. CI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With CI Stock Today?
Cigna Corp (CI) stock is down -1.39% while the S&P 500 is higher by 0.36% as of 3:19 PM on Thursday, Oct 1. CI has fallen -$2.35 from the previous closing price of $169.41 on volume of 868,256 shares. Over the past year the S&P 500 is higher by 14.79% while CI is higher by 11.05%. CI earned $14.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.89.
To see InvestorsObserver's Sentiment Score for Cigna Corp click here.
More About Cigna Corp
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., but its services extend internationally in over 30 countries.
Click Here to get the full Stock Score Report on Cigna Corp (CI) Stock.
