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Wednesday, March 4, 2020

Bargain hunters jump into health insurers after Biden surge

UnitedHealth Group (NYSE:UNH) is up 9% premarket on modest volume as bargain hunters jump in. Shares sold off 20% last week on coronavirus fears. If the gain holds, it will be the best intraday bullish action since 2011.
Joe Biden’s strong showing last night vs. Bernie Sanders may have helped remove an existential threat to a number of players.
Related tickers: CVS Health (NYSE:CVS) (+2%), Anthem (NYSE:ANTM) (+7%), Cigna (NYSE:CI) (+8%), eHealth (NASDAQ:EHTH) (+4%), Centene (NYSE:CNC) (+6%)
https://seekingalpha.com/news/3548516-bargain-hunters-jump-health-insurers-after-biden-surge

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