Here's How I'm Playing Cigna
InTheMoneyStocks.com | Mar 08, 2018 01:59PM ET
Shares of Cigna Corporation (NYSE:CI) tanked on Thursday on its intent to buy Express Scripts (NASDAQ:ESRX). Investors are taking the buyout as a sharp negative for shares, which likely means they think that big money believes the offer price is too rich.h3 Point Of Entry/h3
Whatever the case, the stock fell more than 11%, which may give investors waiting for an entry an opportunity to buy at a discount. There is a pivot to $170, which is where I'm looking to pick up some calls.
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