Humana (HUM) stock gets crushed again in premarket trading Wed, dragging down the entire managed care sector, after the company cuts its 1Q and 2008 earnings guidance. HUM recently down 26% at $35. The stock fell 24% Tue, after peer WellPoint's (WLP) earnings warning raised fears that unexpectedly high medical costs could mean weakening profits across the health insurance sector.
Aetna falls 6.2% to $40, WellPoint edges down an additional 1.6% to $46.49, UnitedHealth Group (UNH) loses another 10% to $34.51.
Also in premarket, Cigna (CI) falls 12%, Coventry Health Care (CVH) down 7.4%. (MRL).
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