Cigna Group stock falls Tuesday, underperforms market

Cigna Group stock falls Tuesday, underperforms market

Shares of Cigna Group CI, -1.37% slid 1.37% to $290.08 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.91% rising 1.91% to 4,495.70 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,827.70.

The stock’s fall snapped a two-day winning streak.

Cigna Group closed $50.03 short of its 52-week high ($340.11), which the company achieved on December 13th.

The stock underperformed when compared to some of its competitors Tuesday, as UnitedHealth Group Inc. UNH, -0.39% fell 0.39% to $540.46, CVS Health Corp. CVS, +1.03% rose 1.03% to $68.50, and Elevance Health Inc. ELV, +0.08% rose 0.08% to $461.75.

Trading volume (2.7 M) eclipsed its 50-day average volume of 1.3 M.

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