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Insurance Stocks on the Move? Aetna Inc., Cigna Corporation, Wellpoint Inc., Health Net Inc., American International Group Inc. (AIG) - MarketWatch
And:
Traders Focus on Aetna in July - WSJ.com
It would seem that both sides are a bit off when they say that Obama is destroying the insurance industry.
Following were among the insurance companies whose shares were heavily traded in Friday's session and the expectation is for the continuation of this trend on Monday. Shares of insurers kept climbing Friday as a key healthcare vote in congress set for the weekend loomed in the background. The upward climb in insurance stocks seemed to indicate that the market had factored in the eventual passage of the bill which could add 10's of millions of new subscribers to the insurers client base.
...
Aetna Inc. (AET) surged 3.67% to $34.46 on 14.33 million shares. The company expects first-quarter earnings to surpass Wall Street predictions, but it held to its previous projection for full-year profit.
CIGNA Corporation (CI) gained 3.46% to $37.08 on 7.78 million shares. In the past one year, the stock has rallied over 115%.
WellPoint, Inc. (WLP) went up 1.96% to $65.07 on 12.46 million shares. In the past one month, the stock has gained over 11%.
Health Net, Inc. (HNT) soared 1.55% to $26.15 on heavy volume. In the past one month, the stock has gained over 14%.
And:
Traders Focus on Aetna in July - WSJ.com
"All this is likely a play on health-care reform and expectations that the private companies aren't at risk of losing too much," Mr. Ruffy said. To judge by Aetna's stock lately, investors would agree. The shares have risen about 20% since mid-February as the chances for a so-called "public option" to compete with private insurers have dimmed.
It would seem that both sides are a bit off when they say that Obama is destroying the insurance industry.