Centers for Medicare & Medicaid Services final plan for Medicare Advantage rates pressures health insurers; PVH falls 20% on soft guidance
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS
ALSO HIGHER
- Kidpik (PIK) up 75.6% after announcing merger with Nina Footwear
- AngioDynamics (ANGO) up 8.1% after settling patent litigation with Becton Dickinson
DOWN AFTER EARNINGS
ALSO LOWER
- Health insurers fall after Centers for Medicare & Medicaid Services update on 2025 Rate Announcement, with payments from the government to MA plans expected to increase on average by 3.70%, or over $16B, from 2024 to 2025. Humana (HUM) down 9.6%, Cigna (CI) down 1.5%, UnitedHealth (UNH) down 4.9%, CVS Health (CVS) down 6.1%, Alignment Healthcare, Inc. (ALHC) down 3.9%, Molina Healthcare (MOH) down 3.5%, Elevance Health (ELV) down 3.7%.
Symbols:
VTSI PIK ANGO GOEV PVH HUM - $351.73 /
+5.205 (+1.50%)
CI - $364.12 /
+0.855 (+0.24%)
UNH CVS ALHC MOH ELV Keywords: fly intel, wall street, afterhours, movers, top stories, stocks