Cigna shares up on CEO's comment about pharmacy benefits unit
05.28.2009
Reuters was unmatched by either Dow Jones or Bloomberg on May 28 in sending out a headline that Cigna’s CEO was actively looking at the health insurer’s pharmacy benefit unit. The statement, made at an investor conference, comes as investors want to know whether health insurers will sell their drug benefit units. After the headline, Cigna shares rose 2.8 percent in the next half hour. At least one prominent analyst attributed the share rise to the comment about the drugs unit. Reuters` ensuing story with full comments from the CEO was also unmatched by rivals. Cigna shares finished 3.8 percent higher than they before the comments.
