(RTTNews) – Thursday, the Cigna Group (CI) shares fell 8.86 percent to $276.43 as the company faced market turmoil.
The stock slid as much as 10 percent at market open in New York, after the health insurer reported its fourth quarter was hit by surprisingly high costs from plans employers use to cover catastrophic medical claims.
Currently, CI is trading at $278.92, down 8.04 percent or $24.39 on the New York Stock Exchange.
Shares opened at $275.00, reaching a low of $268.99. Over the past year, the stock has traded between $262.03 and $370.83.
Cigna Stock Drops 8% Amid Concerns Over Rising Medical Costs
