What’s up?
5 replies (most recent on top)
Try not to get too hung up on pre-market moves with no news behind it, CI often has an odd after hour trade, which could literally be one share bought at that low price (or a higher price) to cause the appearance of an oversized drop or pop. I notice this pretty frequently on this stock.
It dropped 6% and bounced back mostly.
Not true. The pre market show only drop 0.08% https://robinhood.com/us/en/stocks/CI/
Nailed it…PBM reforms coming.
https://ca.finance.yahoo.com/news/alabama-lawmakers-advance-regulations-pharmacy-233858660.html
It’s almost certainly insider trading with knowledge of some government policies that will target PBMs (Express Scripts).