Humana Inc (NYSE: HUM) is having an incredibly interesting start to the trading session today. Shortly after the opening bell, the movement on the stock was nothing exciting. While it spent some time in the red and some in the green, none of the movement was eye-catching. Nonetheless, the stock spiked moments ago as rumors started to break. Today, we’ll talk about the rumors, what we’re seeing from the stock, and what we’ll be watching for with regard to HUM ahead.
Rumors Surface Surrounding HUM
As mentioned above, Humana was in for what seemed to be a pretty uneventful day in the market today. That is, until minutes ago when the value of the stock started to spike. After doing some digging, we didn’t see any news released by the company. However, we did find a rumor that is surfacing around HUM.
According to the rumor Walmart (WMT) is interested in taking the company over. The rumor suggests that the two companies are currently in advanced takeover talks and the price of the takeover will be somewhere between $291 and $298 per share.
Nonetheless, it’s important to keep in mind that this isn’t the first takeover rumor that we’ve seen in the market, nor will it be the last. The truth of the matter is that takeover rumors are one of the most common forms of manipulation in the stock market today. While this particular rumor comes with more detail than most, it’s still no guarantee. So, if you’re going to trade on this news, please be sure to do so with caution.
What We’re Seeing From The Stock
Regardless of whether or not the rumor is true, it’s clear that it has led to some excitement among investors. After all, shortly after the rumors broke, we started to see a spike in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (10:39), HUM is trading at $255.11 per share after a gain of $3.47 per share (1.38%) thus far today.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on HUM. In particular, we’ll be watching for any news associated with the potential takeover by WMT. While chances are slim, anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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