I’ve been holding out thinking the price will get better to take some of my ESPP out for buying kids presents but the stock price keeps tanking. Any idea what’s being done to correct the dip ?? How is there not a big shuffle of power in the C suite over this, unless it was known this would happen 😭
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Its going to be a really bad year for health insurance and PBM (middle men) as Trump called them. He said they have to go. Stocks dipped for CVS, UHC and Cigna. PBM business has no future. I cannot imagine any company would want to go into that business.
Gail and Felicia Norwood cashed out in the summer. Just like Brian T at UHC did prior. Sounds like an insider trading thing as well.
It’s not going to get better anytime soon. Feels like investors are starting to catch on that we have no answer to rising medical costs while we simultaneously lose quite a bit of business other than to “reduce admin expense.” Meaning to RIF, rebadge and offshore.
The stock is returning to its fair market value.
E*trade won’t allow you to sell shares that haven’t vested yet. After you’ve held them for a year, you can do with the shares as you please.
Don’t sell them yet. After we RIF more employees our medical loss ratio will look better and boost the stock.
What is being done? The SLT answer is that they RIFing left and right, and replacing US jobs with offshore jobs and AI. I'm not saying that is a good plan (it is a bad plan because the quality of company services is going down-down-down) but we can't say they are doing nothing.....
And why won’t E*Trade let you sell shares?
It didn’t Gail cash out at just the right time. Makes you wonder…