Cigna’s most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $200.00 short put and a strike $195.00 long put offers a potential 21.95% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $195.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Cigna is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Cigna is bullish.
The RSI indicator is at 45.62 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Cigna
Cigna’s (NYSE:CI) investors will be pleased with their decent 71% return over the last five years
Fri, 08 Oct 2021 11:23:14 +0000
It hasn’t been the best quarter for Cigna Corporation ( NYSE:CI ) shareholders, since the share price has fallen 13% in…
Chubb to Acquire Cigna’s $3 Billion Premium Revenue Personal Accident, Supplemental Health and Life Insurance Business in Seven Asia-Pacific Markets for $5.75 Billion
Fri, 08 Oct 2021 03:05:00 +0000
Chubb Limited (NYSE: CB) today announced a definitive agreement to acquire the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (NYSE: CI) in seven Asia-Pacific markets for $5.75 billion dollars in cash.
Insurer Chubb to acquire Cigna’s business in Asia, Turkey for $5.8 billion
Fri, 08 Oct 2021 01:58:32 +0000
SINGAPORE (Reuters) -U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest consolidation in Asia’s insurance sector. In a statement issued late on Thursday, Chubb said it will acquire Cigna’s A&H (accident and health) and life business in South Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia, in addition to Cigna’s 51% stake in a joint venture in Turkey.
Cigna Reaches Agreement With Chubb To Divest Its Life, Accident And Supplemental Benefits Businesses In Seven Countries
Fri, 08 Oct 2021 01:33:00 +0000
Cigna Corporation (NYSE:CI), a global health service company, today announced a definitive agreement with Chubb (NYSE: CB) to sell its life, accident and supplemental benefits businesses in seven countries for $5.75 billion dollars. The transaction is expected to be completed in 2022, subject to applicable regulatory approvals and customary closing conditions.
Billionaire Lee Cooperman’s 10 Large-Cap Stock Picks
Tue, 05 Oct 2021 16:03:45 +0000
In this article, we discuss the top 10 large-cap stock picks of billionaire Lee Cooperman. If you want to skip our detailed analysis of these stocks, go directly to Billionaire Lee Cooperman’s 5 Large-Cap Stock Picks. Leon “Lee” Cooperman is one of the few “self-made” billionaires on Wall Street. Cooperman founded Omega Advisors in 1991 […]
Follow Us on Facebook