Shares of Cigna Corporation (CI) Rally 1.6%

Cigna Corporation (CI) has been under a strong bear grip, hence the stock is down -2.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.1% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.6% in the last 1 week, and is up 1.68% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 2.84% and the 50-Day Moving Average is 2.17%.

Cigna Corporation (NYSE:CI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $130.47 and $130.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $133.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $131.67, notching a gain of 1.28% for the day. The total traded volume was 2,496,529 . The stock had closed at $130.01 on the previous day.


The company Insiders own 1.2% of Cigna Corporation shares according to the proxy statements. Institutional Investors own 88.79% of Cigna Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -20.71%. In a related news, The Securities and Exchange Commission has divulged that Cordani David, director officer (President & CEO) of Cigna Corp, had unloaded 71,006 shares at an average price of $139.16 in a transaction dated on March 4, 2016. The total value of the transaction was worth $9,881,195.

Cigna Corporation (Cigna), together with its subsidiaries, is a health services company. The Company offers medical, dental, disability, life and accident insurance and related products and services. The Company operates in three segments: Global Health Care, Global Supplemental Benefits and Group Disability and Life. The Global Health Care segment aggregates the commercial and Government operating segments. The Global Supplemental Benefits segment offers supplemental health, life and accident insurance products. The Group Disability and Life segment provides group long-term and short-term disability insurance, group life insurance, accident and specialty insurance and related services. Cigna offers commercial health and dental insurance, Medicare and Medicaid products and health, life and accident insurance coverages to individuals. It offers personal accident insurance coverage, consisting of accidental death and dismemberment and travel accident insurance.

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