Cigna is down about 5% in the past week. Why? Nothing points to a business in a bad shape. Evercore did put out a warning about the PBM transition, and that seems to be spooking people. The pharmacy benefits business is being restructured and god knows how that will shake out. There's an investor day coming up on September 30 that might clarify things, but until then it feels like a guessing game. I hold this for the dividend and the stability. But watching it go down without a clear reason is frustrating. Anyone else following this one?
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