Cigna (CI) Offering Possible 36.99% Return Over the Next 21 Calendar Days

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Cigna’s most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $205.00 short call and a strike $210.00 long call offers a potential 36.99% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $205.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $210.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cigna is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Cigna is bearish.

The RSI indicator is at 38.51 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

Cigna names new CEO of pharmacy benefit management business
Thu, 23 Sep 2021 10:21:30 +0000
The appointment comes as the health services unit, which was rebranded last September to Evernorth, has shown resilient growth in the last few quarters. Palmer, who has been with Cigna for 23 years and most recently served as the chief operating office of Evernorth, will start in his new role from January. Tim Wentworth, the current CEO of Evernorth, will retire by end of this year, the company said.

Cigna Announces Leadership Changes to Continue Accelerating Business Growth
Thu, 23 Sep 2021 10:00:00 +0000
Global health service company Cigna Corporation (NYSE:CI) today announced several new leadership roles and positions to drive accelerated growth across its diverse business portfolio.

Cigna Foundation Expands Commitment to Help Thousands of Students, Educators, and Families Access Healthy Food, Mental Health Support
Fri, 17 Sep 2021 11:30:00 +0000
With children and families facing unprecedented challenges due to the stress of the pandemic, Cigna Foundation is teaming up with nonprofits across the country to ensure underserved students and families have access to healthy food and mental health support in schools.

Cigna’s stock sinks after double downgrade at BofA on concerns over earnings visibility
Fri, 10 Sep 2021 16:44:21 +0000
Shares of Cigna Corp. sank 3.9% in midday trading Friday, after BofA Securities analyst Kevin Fischbeck reversed his stance on the health services company to bearish from bullish, citing the lack of clarity on the trajectory of earnings over the next couple of years. Fischbeck double downgraded Cigna to underperform from buy, and cut his stock price target to $225 from $240. He said that although Cigna has now integrated Express Scripts successfully (the acquisition closed in December 2018), red

Cigna Double Downgraded by BofA to Underperform
Fri, 10 Sep 2021 14:43:00 +0000
Cigna shares fell Friday, after BofA Securities analyst Kevin Fischbeck double downgraded the health insurer to underperform from buy amid concern about earnings. He also trimmed his share-price target to $225 from $240.

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