Today’s Research Reports on Trending Tickers: Aetna and Cigna
U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.
"We’ve had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," said Art Hogan, chief market strategist at B. Riley FBR. "You’re also seeing some cracks in the global story with interest rates rising."
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Aetna’s stock moved 3.02% lower Tuesday, to close the day at $187.89. The company reported a drop in Q4 earnings. EPS at $1.25 was lower than the $1.63 reported last year. Revenue also dropped 6.2% to $14.74 billion. The stock recorded a trading volume of 6,423,921 shares, which was above its three months average volume of 3,229,237 shares. In the last year, Aetna’s shares have traded in a range of 116.37 – 194.40. The share price has gained 61.46% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $183.69 is greater than its 200-day moving average of $167.73. Shares of Aetna are trading at a trailing Price to Earnings ratio of 35.69. Shares of Aetna have gained roughly 4.16 percent in the past month.
Access RDI’s Aetna Inc. Research Report at:
On Tuesday, shares of Cigna recorded a trading volume of 4,716,609 shares, which was above the three months average volume of 1,219,398 shares. The stock ended the day 7.15% lower at 207.89. The share price has gained 46.47% from its 52 week low with a 52 week trading range of 141.93 – 227.13. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $210.84 is greater than its 200-day moving average of $193.27. Shares of Cigna are trading at a trailing Price to Earnings ratio of 22.77. Shares of Cigna have gained roughly 2.36 percent in the past month.
Access RDI’s Cigna Corporation Research Report at:
Our Actionable Research on Aetna Inc. (NYSE:AET) and Cigna Corporation (NYSE:CI) can be downloaded free of charge at Research Driven Investing.
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